The billion pound drop: the Blitz and agglomeration economies in London
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DOI: 10.1093/jeg/lbaa022
Abstract: We exploit locally exogenous variation from the Blitz bombings to quantify the effect of redevelopment frictions and identify agglomeration economies at a micro-geographic scale. Employing rich location and office rental transaction data, we estimate reduced-form… read more here.
Keywords: blitz; agglomeration economies; agglomeration; billion pound ... See more keywords