Forestland is a composite good, the price of which varies with its characteristics, such as its ability to produce timber and its proximity to markets. Sales of predominately forested land in southeastern Oklahoma were examined to better understand and quantify the influences of physical and...

Countries and regions within countries frequently import and export from the same standard industrial classification (SIC) groupings. In describing international trade, the Armington assumption recognizes that imported goods may substitute imperfectly for domestically produced goods. Imports and...

Rural development policies frequently target the enhancement of regional value-added activities. The effectiveness of such policies is typically analyzed in aggregate terms. Aggregate measures include total number of jobs created or total value-added impact. Regional economic development,...