2 ms·
> And second, the authors describe the curious fact that producers located in more-productive areas do not grow at expected rates. Indeed, rather than construct
by legitster 4y ago
> And second, the authors describe the curious fact that producers located in more-productive areas do not grow at expected rates. Indeed, rather than construction inputs flowing to areas where they are more productive, the activity share of these areas either stagnates or even falls. The authors suggest that this problem with allocative efficiency may accentuate the aggregate productivity problem for the industry.
So... basically high-rises and mobile homes?
It's hard not to see this as a direct result of city councils universally loathing oversized housing blocks.