This paper examines the determinants of internal migration in a context where wages tend to be rather inflexible at a regional scale so that regional labor demand shocks have a prolonged impact on employment rates. Regional income differentials, then, reflect both regional pay and employment...

The rate of profit represents a central concept in economics and is commonly seen as one of the most accurate indicators for economic vitality of firms, industries, and regions. The level of profit rates is supposed to guide investment shifts between sectors and over space, the speed and...