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Finance, globalization and urban primacy

Abstract:

We use data from 131 countries in the period 2000–14 to analyze the determinants of urban primacy, calculated as the share of the city with the largest gross domestic product (GDP) in a country in the total GDP of that country. While prior research has largely neglected the role of financial factors, we demonstrate that urban primacy is related positively to the size of financial activity. In addition, currency depreciation in relation to the US dollar is related to lower urban primacy, while...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1080/00130095.2020.1861935

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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Role:
Author
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Name:
European Commission
Grant:
681337
Publisher:
Taylor & Francis
Journal:
Economic Geography More from this journal
Volume:
97
Issue:
1
Pages:
34-65
Publication date:
2021-04-30
Acceptance date:
2020-11-12
DOI:
EISSN:
1944-8287
ISSN:
0013-0095
Language:
English
Keywords:
Pubs id:
1145341
Local pid:
pubs:1145341
Deposit date:
2020-11-13

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