Related papers: The Economic Complexity of US Metropolitan Areas
In the United States as in other countries, political and economic divisions cut along geographic and demographic lines. Richer people are more likely to vote for Republican candidates while poorer voters lean Democratic; this is consistent…
U.S. metropolitan areas, particularly in the industrial Midwest and Northeast, are well-known for high levels of racial segregation. This is especially true where core cities end and suburbs begin; often crossing the street can lead to…
We undertake an exploration of the economic income (Gross Domestic Product, GDP) of Indian districts and cities based on scaling analyses of the dependence of these quantities on associated population size. Scaling analysis provides a…
In this paper, we explore the relationship between state-level household income inequality and macroeconomic uncertainty in the United States. Using a novel large-scale macroeconometric model, we shed light on regional disparities of…
In the pursuit of ever increasing efficiency and growth, our economies have evolved to remarkable degrees of complexity, with nested production processes feeding each other in order to create products of greater sophistication from less…
Knowhow in societies accumulates as it gets transmitted from group to group, and from generation to generation. However, we lack of a unified quantitative formalism that takes into account the structured process for how this accumulation…
Economic activities favor mutual geographical proximity and concentrate spatially to form cities. In a world of diminishing transport costs, however, the advantage of physical proximity is fading, and the role of cities in the economy may…
Financial markets typically exhibit dynamically complex properties as they undergo continuous interactions with economic and environmental factors. The Efficient Market Hypothesis indicates a rich difference in the structural complexity of…
A multi-regional input-output table (MRIOT) containing the transactions among the region-sectors in an economy defines a weighted and directed network. Using network analysis tools, we analyze the regional and sectoral structure of the…
Despite the rapid growth of cities in the past century, our quantitative, in-depth understanding of how cities grow remains limited due to a consistent lack of historical data. Thus, the scaling laws between a city's features and its…
Increases in national concentration have been a salient feature of industry dynamics in the U.S. and have contributed to concerns about increasing market power. Yet, local trends may be more informative about market power, particularly in…
Homophily and heterophobia, the tendency for people with similar characteristics to preferentially interact with (or avoid) each other are pervasive in human social networks. Here, we develop an extension of the mathematical theory of urban…
Urban income segregation is a widespread phenomenon that challenges societies across the globe. Classical studies on segregation have largely focused on the geographic distribution of residential neighborhoods rather than on patterns of…
Probability distributions of money, income, and energy consumption per capita are studied for ensembles of economic agents. The principle of entropy maximization for partitioning of a limited resource gives exponential distributions for the…
Several approaches and corresponding definitions of complexity have been developed in different fields. Urban systems are the archetype of complex socio-technical systems concerned with these different viewpoints. We suggest in this chapter…
Regional survey estimates and their significance levels are simultaneously displayed in maps that show all 3,141 U.S. counties and equivalents. An analyst can focus his attention on significant differences (or those with a different,…
India's urbanization is often characterized as particularly challenging and very unequal but systematic empirical analyses, comparable to other nations, have largely been lacking. Here, we characterize India's economic and human development…
This paper investigates the inter-regional intra-industry disparity within selected Indian manufacturing industries and industrial states. The study uses three measures - the Output-Capital Ratio, the Capital-Labor Ratio, and the…
This paper investigates the relationship between smart city initiatives and evolving urbanization trends in the United States. The research addresses the critical issue of rapid urban growth in the U.S. and explores how innovations within…
We develop a deep learning model of multi-period mortgage risk and use it to analyze an unprecedented dataset of origination and monthly performance records for over 120 million mortgages originated across the US between 1995 and 2014. Our…