Is the rise of the city's consumer price index positively related to the growth of citizens' economic capacity? What are the advantages and disadvantages of the impact of the rise of the city's consumer price index on citizens? Will the city become richer? Does it make the quality of life of citizens better?
Do you think consumer price index influence the growth of citizens' economic capacity?
Dear Yu-Da Lin, there is a fact that city price index has a positive link to city size. However, optimal growth of a city should be linked to scale economies, i.e., higher productivity and wage. In equilibrium this should happen, but it does not always happen. You can find some ideas in my paper: Conference Paper Aggregate and Average Land Rent in Cities
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