As they create generative conditions for socioeconomic development ICTs and broadband technology, can be understood as an innovation kernel for system evolution. Whereas for a regional system (a local area), technological progress may at certain times be regarded as exogenous, information...

US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited for helping stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional variation in temporary stimulus packages and...