The role of equilibrium and disequilibrium in modeling regional growth and decline: a critical reassessment
Philip Graves () and
MPRA Paper from University Library of Munich, Germany
While unable to copy/paste the abstract, the paper argues that regional differentials in wages and rents are overwhelmingly of an equilibrium nature, with disequilibrium forces having little systematic influence
Keywords: migration; regional growth and decline; amenities; disequilibrium; equilibrium; location (search for similar items in EconPapers)
JEL-codes: O18 N9 A1 J31 J0 D1 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:19915
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