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Foreword / Edward G. Rendell and Kenneth D. Lewis -- Regional economic development in theory and practice / Richard M. McGahey -- Revitalizing America's older industrial cities : a state agenda for change / Jennifer S. Vey -- The talent imperative for older industrial areas / Randall Kempner --...
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We present a theory of spatial development. A continuum of locations in a geographic area choose each period how much to innovate (if at all) in manufacturing and services. Locations can trade subject to transport costs and technology diffuses spatially across locations. The result is an...
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