Fingleton, Bernard; Palombi, Silvia - In: Regional Science and Urban Economics 43 (2013) 4, pp. 649-660
We explore the relative ability of local economies to retain their long-run growth dynamics when faced by the destabilizing effects of major shocks. Taking annual wage series for nineteen U.K. towns over the historical period 1871–1906, we fit a spatial panel data model to 1871–1890 data and...