Can cities be trapped in bad locations?
After the fall of the Roman Empire, urban life in France became a shadow of its former self, but in Britain it completely disappeared. Guy Michaels and Ferdinand Rauch use these contrasting experiences as a natural experiment to explore the impact of history on economic geography – and what leads cities to get stuck in undesirable locations.
5 February 2014 Paper Number CEPCP408
This CentrePiece article is published under the centre's Labour markets programme.