{"id":1969,"date":"2011-04-03T21:55:10","date_gmt":"2011-04-04T01:55:10","guid":{"rendered":"http:\/\/www.alexblock.net\/?p=1969"},"modified":"2011-04-03T21:55:10","modified_gmt":"2011-04-04T01:55:10","slug":"density-productivity-and-housing-prices","status":"publish","type":"post","link":"https:\/\/www.alexblock.net\/blog\/2011\/04\/03\/density-productivity-and-housing-prices\/","title":{"rendered":"Density, productivity, and housing prices"},"content":{"rendered":"<p>Ryan Avent recently spoke at the <a href=\"http:\/\/www.kauffman.org\/\" target=\"_blank\">Kauffman Foundation<\/a>&#8216;s <a href=\"http:\/\/sites.kauffman.org\/econblogforum\/\" target=\"_blank\">conference for economic bloggers<\/a>. His <a href=\"http:\/\/www.ryanavent.com\/blog\/?p=2382\" target=\"_blank\">short presentation<\/a> touches on a number of economic issues as they relate to urban economies and their role in our national economy.<\/p>\n<p style=\"text-align: center;\"><object id=\"flashObj\" classid=\"clsid:d27cdb6e-ae6d-11cf-96b8-444553540000\" width=\"580\" height=\"375\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=6,0,40,0\"><param name=\"bgcolor\" value=\"#FFFFFF\" \/><param name=\"flashVars\" value=\"videoId=877090618001&amp;playerID=40280745001&amp;playerKey=AQ~~,AAAAAF1AP-k~,paP-6btd7SPcN3he8b6wgT6uI64ClnLc&amp;domain=embed&amp;dynamicStreaming=true\" \/><param name=\"base\" value=\"http:\/\/admin.brightcove.com\" \/><param name=\"seamlesstabbing\" value=\"false\" \/><param name=\"allowFullScreen\" value=\"true\" \/><param name=\"swLiveConnect\" value=\"true\" \/><param name=\"allowScriptAccess\" value=\"always\" \/><param name=\"src\" value=\"http:\/\/c.brightcove.com\/services\/viewer\/federated_f9?isVid=1\" \/><param name=\"name\" value=\"flashObj\" \/><param name=\"flashvars\" value=\"videoId=877090618001&amp;playerID=40280745001&amp;playerKey=AQ~~,AAAAAF1AP-k~,paP-6btd7SPcN3he8b6wgT6uI64ClnLc&amp;domain=embed&amp;dynamicStreaming=true\" \/><param name=\"allowfullscreen\" value=\"true\" \/><\/object><\/p>\n<p>The presentation tackles Tyler Cowen&#8217;s <a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2011\/02\/12\/AR2011021202408.html\" target=\"_blank\">Great Stagnation<\/a> thesis.\u00a0 Avent specifically looks at the benefits of density on productivity and innovation, and how the dispersal of the American population has had a disparate impact on American productivity.<\/p>\n<p>The implications for cities are clear &#8211; the dense areas (owing to the benefits of agglomeration and economies of scale) are extremely productive, but they&#8217;ve not been the areas seeing growth in recent decades.\u00a0 Instead, the less-dense places in the sun belt have grown.\u00a0 Avent attributes this to the sun belt&#8217;s ability to expand supply and keep housing costs low (<a href=\"http:\/\/www.alexblock.net\/blog\/?p=1831\" target=\"_blank\">citing Ed Glaeser<\/a>).\u00a0 The implication is that the low cost of living is attracting people to areas that are less productive than the dense but hard-to-expand coastal cities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ryan Avent recently spoke at the Kauffman Foundation&#8216;s conference for economic bloggers. His short presentation touches on a number of economic issues as they relate to urban economies and their role in our national economy. The presentation tackles Tyler Cowen&#8217;s Great Stagnation thesis.\u00a0 Avent specifically looks at the benefits of density on productivity and innovation, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[187,451,269,111,140],"class_list":["post-1969","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-agglomeration","tag-density","tag-economic-development","tag-economics","tag-housing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pHcGQ-vL","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.alexblock.net\/blog\/wp-json\/wp\/v2\/posts\/1969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.alexblock.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alexblock.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alexblock.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alexblock.net\/blog\/wp-json\/wp\/v2\/comments?post=1969"}],"version-history":[{"count":7,"href":"https:\/\/www.alexblock.net\/blog\/wp-json\/wp\/v2\/posts\/1969\/revisions"}],"predecessor-version":[{"id":1976,"href":"https:\/\/www.alexblock.net\/blog\/wp-json\/wp\/v2\/posts\/1969\/revisions\/1976"}],"wp:attachment":[{"href":"https:\/\/www.alexblock.net\/blog\/wp-json\/wp\/v2\/media?parent=1969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alexblock.net\/blog\/wp-json\/wp\/v2\/categories?post=1969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alexblock.net\/blog\/wp-json\/wp\/v2\/tags?post=1969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}