This paper looks at the determinants of regional housing construction using Israeli panel data. We propose a simple model of regional housing markets in which people prefer to live where housing is cheaper and building contractors prefer to build in regions where housing is more expensive. We...

The literature on regional growth convergence and economic disparities has tended to confound four interwoven measurement phenomena. i) mean reversion (so-called beta convergence) where richer regions move towards the average from above and poorer regions from below. ii) diminishing inequality...

This paper stresses the importance of accounting for regional heterogenity in the dynamic analysis of regional economic disparities. Studies of regional growth invariably presume regions are homogenous in that their socio-demographic composition is assumed to be broadly similar. We argue that...