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This paper develops a statistical model for measuring spatial interactions when estimating macroeconomic regimes and regime shifts. The model is applied to study the contagion and propagation of recessions in small regional economies in the United States from 1990 to 2015. The empirical analysis...
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for regional economics and regional economic analysis, but it also includes numerous applications of the underlying theory … economic behavior. Theory plays an important role in this study, but it is only a starting point. The book is divided into … three parts: the first discusses the economic base theory of regional growth and the empirical evidence supporting it, while …
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