In this paper, we study migration decisions taken by risk-averse households. Aggregate data from the regions of Southern Italy are used to test whether risk is a significant determinant of the decision to migrate abroad or inside the country. This indeed appears to be the case for both foreign...

The purpose of this paper is to illustrate how specific regional aspects can be incorporated into a simple investment model of a multiplant firm. The model has been used to ex plain investment in manufacturing in Scotland for the period 1961-79. The econometric findings suggest that factor...