Found 2 article(s) for author 'David Yanagizawa-Drott'

Did declining social mobility cause Trump’s rise? In a word, no.

Did declining social mobility cause Trump’s rise? In a word, no. Filipe Campante, David Yanagizawa-Drott, December 9, 2016, Opinion, “There has been a heated debate over the role that that economic factors played in the improbable journey that took Donald Trump all the way to the presidency. “Economic anxiety” is the umbrella term that many pundits have seized on to explain what drove a substantial number of (white) working-class voters to Trump. While economic anxiety is a somewhat vague concept, a decrease in prospects for social mobility is part of the story many have in mind.Link

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Long-Range Growth: Economic Development in the Global Network of Air Links

Long-Range Growth: Economic Development in the Global Network of Air Links. Filipe Campante, David Yanagizawa-Drott, September 2016, Paper, “We study the impact of international long-distance flights on the global spatial allocation of economic activity. To identify causal effects, we exploit variation due to regulatory and technological constraints which give rise to a discontinuity in connectedness between cities at a distance of 6000 miles. We show that these air links have a positive effect on local economic activity, as captured by satellite-measured night lights. To shed light on how air links shape economic outcomes, we first present evidence of positive externalities in the global network of air links: connections induce further connections. We then find that air links increase business links, showing that the movement of people fosters the movement of capital. In particular, this is driven mostly by capital flowing from high-income to middle-income (but not low-income) countries.Link

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