This paper examines the hypothesis that a greater stock of migrants and flows of tourists in the United Kingdom from a particular country increases bilateral trade between the United Kingdom and country of origin. The literature and empirical findings show that migrants and tourists can...

This paper offers a concise critical overview of Okuns Law, with particular attention for its relevance in open economic systems of regions. Based on an extensive set of economic data for Finnish regions, the existence of cointegration is tested by using alternative statistical methods, viz. the...

We provide the first theoretical analysis of a one sector, discrete time, Schumpeterian model of growth in a regional economy in which consumers are risk neutral, there is no population growth, monopolistic entrepreneurs produce intermediate goods, and a single consumption good is produced...