The origin of productivity remains in the City

The trend towards urbanization continues - and it has positive effects on our economy, Prof. Edwin Deutsch from the Vienna University of Technology (TU Vienna) claims. Cities are the economically most successful areas in modern economies. More people are migrating from the countryside into the city than vice versa, with productivity and salaries higher in urbanized areas. Edwin Deutsch, Professor of Mathematical Economics at the Vienna University of Technology, has taken a closer look at this phenomenon: The more diverse and manifold the population, the higher local economic growth - that is the conclusion of his econometric calculations. The Heart of the Economy Beats in the Cities - "The utopian idea of a nation developing in a romantic ideal of rural areas has faded over the last few decades", Professor Deutsch believes. He developed mathematical models correlating vast amounts of economic data from a variety of regions, and he found clearly visible trends (in accordance with international studies): companies are most productive where they encounter a wide variety of economic activities. Also, the economic stability in times of crisis increases with the manifold of business and occupational groups.