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Thanks, I recall there being some debate about the magnitude of the effect, but if recall correctly, some authors argued the problem was even worse than Hsieh-M

Thanks, I recall there being some debate about the magnitude of the effect, but if recall correctly, some authors argued the problem was even worse than Hsieh-Moretti thought originally? Whatever the actual percentage, it makes intuitive sense a spatial misallocation of labor and capital will hurt economic growth.

jeffbee 3y ago
You might be thinking of this earlier correction, which made their effect larger. https://www.econlib.org/a-correction-on-housing-regulation/ https://www.econlib.org/a-correction-on-housing-regulation/