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Because the relationship between urbanization and income is nonlinear, we use the natural logarithm of income per capita in our empirical specification, which does result in a linear relationship. Note that the change over time in the natural logarithm of income is the rate of economic growth
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Because the relationship between urbanization and income is nonlinear, we use the natural logarithm of income per capita in our empirical specification, which does result in a linear relationship. Note that the change over time in the natural logarithm of income is the rate of economic growth.
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24
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38949160893
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The inclusion of country fixed effects implies that the empirical analysis abstracts from all factors that are constant within a given country over the entire sample period. Similarly, the inclusion of time fixed effects implies that the empirical analysis abstracts from all factors that affect all countries equally in a given year
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The inclusion of country fixed effects implies that the empirical analysis abstracts from all factors that are constant within a given country over the entire sample period. Similarly, the inclusion of time fixed effects implies that the empirical analysis abstracts from all factors that affect all countries equally in a given year.
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27
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38949211194
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In addition to urban population share, we also considered primacy: the fraction of the urban population living in the country's most populated city. The inclusion of the primacy variable did not change any of our empirical results
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In addition to urban population share, we also considered primacy: the fraction of the urban population living in the country's most populated city. The inclusion of the primacy variable did not change any of our empirical results.
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The authors are grateful to M. Montgomery, L. Rosenberg, and two anonymous referees for their comments and suggestions
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The authors are grateful to M. Montgomery, L. Rosenberg, and two anonymous referees for their comments and suggestions.
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