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Climent Quintana-Domeque
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Journal Articles
Publisher: Journals Gateway
The Review of Economics and Statistics (2016) 98 (2): 254–267.
Published: 01 May 2016
Abstract
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We provide the first experimental estimation of the effects of the supply of publicly financed urban infrastructure on property values. Using random allocation of first-time street asphalting of residential streets located in peripheral neighborhoods in Mexico, we show that within two years of the intervention, households are able to transform their increased property wealth into significantly larger rates of vehicle ownership, household appliances, and home improvements. Increased consumption is made possible by both credit use and less saving. A cost-benefit analysis indicates that the valuation of street asphalting as capitalized into property values is about as large as construction costs.
Includes: Supplementary data
Journal Articles
Publisher: Journals Gateway
The Review of Economics and Statistics (2014) 96 (3): 550–562.
Published: 01 July 2014
Abstract
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We investigate how prenatal economic fluctuations affected birth weight in Argentina during the period from January 2000 to December 2005 and document its procyclicality. We find evidence that the birth weight of children born to low-educated (less than high school) mothers is sensitive to macroeconomic fluctuations during both the first and third trimesters of pregnancy, while those of high-educated (high school or above) mothers react only to the first trimester of pregnancy. Our results are consistent with low-educated women facing credit constraints and suffering from both nutritional deprivation and maternal stress, while high-educated women are affected only by stress.
Includes: Supplementary data