This paper examines the importance of taking into account standard errors when making inferences from econometric models prepared for antidumping, countervailing duty, and safeguard investigations. This is important since even a properly specified econometric model is only as useful as the...

Responding to a paper in this journal by Evans, we assess the relative role of equilibrium and disequilibrium in modeling regional growth and decline. While there are elements of both present, we find a preponderance of evidence that equilibrium forces are the dominant influence