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A county-level labor market model is estimated for the 13 southern states. The model accounts for inter-county commuting, migration, and within-county adjustments to labor demand shocks. Econometric results indicate that most employment growth during the 1990s was accommodated by changes in...
Persistent link: https://www.econbiz.de/10010547785
We analyze the impact of economic development policies and highway infrastructure improvements on growth of per capita income and jobs in Michigan counties. The policies considered for analysis have significant impact on growth outcomes. However, this effect is non-linear. Significant...
Persistent link: https://www.econbiz.de/10010547642
Urban sprawl has been criticized for its disproportionate impact on the environment. Yet urban areas are in fact less land-intensive than recent rural development patterns. Residential first-movers into such virgin areas may spark waves of ensuing development without incorporating the true...
Persistent link: https://www.econbiz.de/10010547652
A large and growing literature has developed to explain how state and local policies affect factor markets, firm location, and economic growth; but it has emerged in three distinct threads. These threads have variously emphasized how policy and natural amenities affect regional economic growth,...
Persistent link: https://www.econbiz.de/10010547692
In the 1970s, spatial autocorrelation (i.e., local distance and configuration effects) and distance decay (i.e., global distance effects) were suspected of being intermingled in spatial interaction model specifications. This convolution was first treated in a theoretical context by Curry (1972),...
Persistent link: https://www.econbiz.de/10010547754
In his Presidential Address, Professor Woodward uses South Carolina’s economic development experience as a case study of significant challenges in regional development. The state has re-industrialized and emerged as a leader in attracting capital investment through generous financial...
Persistent link: https://www.econbiz.de/10010885352
Using U.S. county data from 1990 and 2000, a family of spatial models examining growth in population and employment are reported. Special attention is paid to the role of microenterprises--firms with less than five employees--in predicting economic growth. Results suggest that microenterprises...
Persistent link: https://www.econbiz.de/10010547649
The concept of regional competitiveness is increasingly popular among academics and policymakers as indicated by reports that rank or grade regional economies. Competitiveness in these studies generally is measured by growth rates in population, employment, and per capita income. This paper...
Persistent link: https://www.econbiz.de/10010547670
Although the traditional economic base model remains a useful tool for regional analysis, in a multi-region context it fails to account for feedback effects. In addition, since the model is typically applied to individual regions, formal assessment of variation in the magnitude of regional...
Persistent link: https://www.econbiz.de/10010547675
We examine the empirical relationship between public investment and per capita income growth in the Spanish regions over 1965-1997. Using a neoclassical growth model with public and human capital, a convergence equation is derived and estimated using panel data techniques. Besides providing...
Persistent link: https://www.econbiz.de/10010547679