Matthew P Drennan
Biographic Data
| ID | 1474350 |
|---|---|
| NAME | Matthew P Drennan |
| GIVEN NAMES | Matthew P |
| FAMILY NAME | Drennan |
| SIGNATURE | DRENNAN M P |
| AFFILIATIONS | Cornell University |
| VERIFIED | No |
| TOTAL WORKS | 12 |
| TOTAL CITATIONS | 74 |
| AUTHOR COUNT | 12 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1989 |
| LATEST PUBLICATION YEAR | 2015 |
| H-INDEX | 5 |
Convention Center Follies
This book presents an important story about misguided local and state expenditures for new or expanded convention centers. It is a bigger story than the more widely known success of fabulously wealthy professional sports teams in persuading strapped local governments to build new stadiums. It is bigger because the number of U.S. local governments involved and the dollars spent dwarf what I would call the stadium scam. In the second half of the tw…
Measuring urban agglomeration economies with office rents
Urban economic theory points to one measure of agglomeration economies, namely differential land rent in intense clusters of economic activity. The empirical basis for this research is commercial office rents in major office markets of the USA. Using panel data, we estimate models of changes in real office rents for 120 major office markets, in 49 MSAs, over 18 years. Our variable reflecting agglomeration economies is changes in producer service …
Possible Sources of Wage Divergence among Metropolitan Areas of the United States
Much of the literature on sub-national income convergence relates to states and regions. This paper focuses upon metropolitan areas as the germane geographical units for studying income convergence. Evidence of metropolitan wage divergence, the opposite of convergence, is presented. A theoretical basis for wage divergence is found in endogenous growth models and in two-sector trade models. Cross-section regression equations are estimated in which…
Unit root tests of sigma income convergence across us metropolitan areas
The standard deviation of metropolitan per capita personal income ( PCPI ) and metropolitan average wage per job ( AWPJ ) provide straightforward indicators of unconditional sigma convergence for metropolitan economies within the United States. Using data for all metropolitan areas in the continental United States for the period 1969–2001, we tested for the unconditional sigma income convergence hypothesis by applying two unit root tests to the t…
The Economic Benefits of Public Investment in Transportation
This article reviews the recent literature on the long-term economic benefits of public investments in transportation. It organizes the literature into six groups according to the type of benefit being measured, namely, output; productivity; production costs; income, property values, employment, and real wages; rate of return; and noncommercial travel time. The central question addressed by the papers reviewed is whether public investments in tra…
Sectoral Shares, Specialisation and Metropolitan Wages in the United States, 1969-96
We investigate the effect of specialisation upon the level of metropolitan wage per worker. Specialisation is measured by the share of metropolitan earnings in each of five traded goods and services sectors. Sectoral specialisations are assumed to be determinants of location-specific productivity, which in turn is treated as a term in a metropolitan production function. Panel data are used for estimating that production function for 313 metropoli…
National structural change and metropolitan specialization in the United States
National structural change and metropolitan specialization in the United States
A Simple Test for Convergence of Metropolitan Income in the United States
The prevalent test for income convergence used in many recent studies of convergence across spatial economic units in the United States is to use a regression equation in which income growth is regressed against the initial level of income (this is known as β convergence). That method, however, has been crtiticized as an instance of Galton's fallacy of regression. We devise a simple test for the income β-convergence hypothesis which does not suff…
The Interruption of Income Convergence and Income Growth in Large Cities in the 1980s
Recent studies have documented the divergence of per capita personal income among regions of the US in the 1980s following many decades of income convergence. This paper establishes the same pattern of divergence for median family income in the 1980s and argues that regional specialisation in producer services contributed to upward divergence of regions with above average income. Because producer services are concentrated in cities, the growth of…
Gateway Cities
The US's exports of producer services increased threefold in the 1980s. Those exports plus the repatriation of income from foreign affiliates of US producer service firms now equal US agricultural exports. This paper documents the growth and composition of those producer service exports and then attempts to identify their metropolitan sources. Four metropolitan areas, and particularly their central cities, stand out as having both high concentrat…
Information Intensive Industries in Metropolitan Areas of the United States of America
In this paper the metropolitan geography of information intensive industries in the United States is analyzed. Such industries are a subset of Porat's definition of information industries and correspond to what Noyelle and Stanback as well as Hepworth among others have called producer services. Economic forces which have fueled the expansion of information intensive industries are identified and their growth is measured relative to overall real G…
The Economic Benefits of Public Investment in Transportation
This article reviews the recent literature on the long-term economic benefits of public investments in transportation. It organizes the literature into six groups according to the type of benefit being measured, namely, output; productivity; production costs; income, property values, employment, and real wages; rate of return; and noncommercial travel time. The central question addressed by the papers reviewed is whether public investments in tra…
Measuring urban agglomeration economies with office rents
Urban economic theory points to one measure of agglomeration economies, namely differential land rent in intense clusters of economic activity. The empirical basis for this research is commercial office rents in major office markets of the USA. Using panel data, we estimate models of changes in real office rents for 120 major office markets, in 49 MSAs, over 18 years. Our variable reflecting agglomeration economies is changes in producer service …
The Interruption of Income Convergence and Income Growth in Large Cities in the 1980s
Recent studies have documented the divergence of per capita personal income among regions of the US in the 1980s following many decades of income convergence. This paper establishes the same pattern of divergence for median family income in the 1980s and argues that regional specialisation in producer services contributed to upward divergence of regions with above average income. Because producer services are concentrated in cities, the growth of…
Gateway Cities
The US's exports of producer services increased threefold in the 1980s. Those exports plus the repatriation of income from foreign affiliates of US producer service firms now equal US agricultural exports. This paper documents the growth and composition of those producer service exports and then attempts to identify their metropolitan sources. Four metropolitan areas, and particularly their central cities, stand out as having both high concentrat…
Information Intensive Industries in Metropolitan Areas of the United States of America
In this paper the metropolitan geography of information intensive industries in the United States is analyzed. Such industries are a subset of Porat's definition of information industries and correspond to what Noyelle and Stanback as well as Hepworth among others have called producer services. Economic forces which have fueled the expansion of information intensive industries are identified and their growth is measured relative to overall real G…
Possible Sources of Wage Divergence among Metropolitan Areas of the United States
Much of the literature on sub-national income convergence relates to states and regions. This paper focuses upon metropolitan areas as the germane geographical units for studying income convergence. Evidence of metropolitan wage divergence, the opposite of convergence, is presented. A theoretical basis for wage divergence is found in endogenous growth models and in two-sector trade models. Cross-section regression equations are estimated in which…
Unit root tests of sigma income convergence across us metropolitan areas
The standard deviation of metropolitan per capita personal income ( PCPI ) and metropolitan average wage per job ( AWPJ ) provide straightforward indicators of unconditional sigma convergence for metropolitan economies within the United States. Using data for all metropolitan areas in the continental United States for the period 1969–2001, we tested for the unconditional sigma income convergence hypothesis by applying two unit root tests to the t…
Sectoral Shares, Specialisation and Metropolitan Wages in the United States, 1969-96
We investigate the effect of specialisation upon the level of metropolitan wage per worker. Specialisation is measured by the share of metropolitan earnings in each of five traded goods and services sectors. Sectoral specialisations are assumed to be determinants of location-specific productivity, which in turn is treated as a term in a metropolitan production function. Panel data are used for estimating that production function for 313 metropoli…
National structural change and metropolitan specialization in the United States
A Simple Test for Convergence of Metropolitan Income in the United States
The prevalent test for income convergence used in many recent studies of convergence across spatial economic units in the United States is to use a regression equation in which income growth is regressed against the initial level of income (this is known as β convergence). That method, however, has been crtiticized as an instance of Galton's fallacy of regression. We devise a simple test for the income β-convergence hypothesis which does not suff…
National structural change and metropolitan specialization in the United States
Information Intensive Industries in Metropolitan Areas of the United States of America
In this paper the metropolitan geography of information intensive industries in the United States is analyzed. Such industries are a subset of Porat's definition of information industries and correspond to what Noyelle and Stanback as well as Hepworth among others have called producer services. Economic forces which have fueled the expansion of information intensive industries are identified and their growth is measured relative to overall real G…
Gateway Cities
The US's exports of producer services increased threefold in the 1980s. Those exports plus the repatriation of income from foreign affiliates of US producer service firms now equal US agricultural exports. This paper documents the growth and composition of those producer service exports and then attempts to identify their metropolitan sources. Four metropolitan areas, and particularly their central cities, stand out as having both high concentrat…
The Interruption of Income Convergence and Income Growth in Large Cities in the 1980s
Recent studies have documented the divergence of per capita personal income among regions of the US in the 1980s following many decades of income convergence. This paper establishes the same pattern of divergence for median family income in the 1980s and argues that regional specialisation in producer services contributed to upward divergence of regions with above average income. Because producer services are concentrated in cities, the growth of…
National structural change and metropolitan specialization in the United States
National structural change and metropolitan specialization in the United States
A Simple Test for Convergence of Metropolitan Income in the United States
The prevalent test for income convergence used in many recent studies of convergence across spatial economic units in the United States is to use a regression equation in which income growth is regressed against the initial level of income (this is known as β convergence). That method, however, has been crtiticized as an instance of Galton's fallacy of regression. We devise a simple test for the income β-convergence hypothesis which does not suff…
Sectoral Shares, Specialisation and Metropolitan Wages in the United States, 1969-96
We investigate the effect of specialisation upon the level of metropolitan wage per worker. Specialisation is measured by the share of metropolitan earnings in each of five traded goods and services sectors. Sectoral specialisations are assumed to be determinants of location-specific productivity, which in turn is treated as a term in a metropolitan production function. Panel data are used for estimating that production function for 313 metropoli…
The Economic Benefits of Public Investment in Transportation
This article reviews the recent literature on the long-term economic benefits of public investments in transportation. It organizes the literature into six groups according to the type of benefit being measured, namely, output; productivity; production costs; income, property values, employment, and real wages; rate of return; and noncommercial travel time. The central question addressed by the papers reviewed is whether public investments in tra…
Unit root tests of sigma income convergence across us metropolitan areas
The standard deviation of metropolitan per capita personal income ( PCPI ) and metropolitan average wage per job ( AWPJ ) provide straightforward indicators of unconditional sigma convergence for metropolitan economies within the United States. Using data for all metropolitan areas in the continental United States for the period 1969–2001, we tested for the unconditional sigma income convergence hypothesis by applying two unit root tests to the t…
Possible Sources of Wage Divergence among Metropolitan Areas of the United States
Much of the literature on sub-national income convergence relates to states and regions. This paper focuses upon metropolitan areas as the germane geographical units for studying income convergence. Evidence of metropolitan wage divergence, the opposite of convergence, is presented. A theoretical basis for wage divergence is found in endogenous growth models and in two-sector trade models. Cross-section regression equations are estimated in which…
Measuring urban agglomeration economies with office rents
Urban economic theory points to one measure of agglomeration economies, namely differential land rent in intense clusters of economic activity. The empirical basis for this research is commercial office rents in major office markets of the USA. Using panel data, we estimate models of changes in real office rents for 120 major office markets, in 49 MSAs, over 18 years. Our variable reflecting agglomeration economies is changes in producer service …
Convention Center Follies
This book presents an important story about misguided local and state expenditures for new or expanded convention centers. It is a bigger story than the more widely known success of fabulously wealthy professional sports teams in persuading strapped local governments to build new stadiums. It is bigger because the number of U.S. local governments involved and the dollars spent dwarf what I would call the stadium scam. In the second half of the tw…
Economics (11 works) · Regional Economics and Spatial Analysis (10 works) · Geography (9 works) · Metropolitan area (8 works) · Economic growth (7 works) · Fiscal Policy and Economic Growth (7 works) · Economic geography (6 works) · Economic Growth and Productivity (6 works) · Demographic economics (5 works) · Finance (5 works)