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Although the literature on regional macroeconomics continues to emphasize the analysis of economic growth, the concept of economic resilience is of increasing interest to policymakers. The terrorist attacks of September 11, 2001, and Hurricane Katrina in 2005 focused attention on the ability of...
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We present a theory of spatial development. A continuum of locations in a geographic area choose each period how much … diffuses spatially across locations. The result is an endogenous growth theory that can shed light on the link between the …
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