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.
Guy Michaels and Ferdinand Rauch
5 February 2014 Paper Number CEPCP408
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This CentrePiece article is published under the centre's Labour markets programme.