Empirical literature on the impact of FDI has considered at length the indirect spillover benefits that accrue to domestic plants as a result of FDI presence. However, the imprecise and disparate nature of spillovers makes accurate definition and indeed measurement of them difficult to achieve....

HARRIS R. I. D. (1997) UK regional plant and machinery capital stocks and premature scrapping, Reg. Studies 31, 737-750. Historically, a lack of capital stock data has severely limited the ability to carry out supply side analyses of the British regional economy. Hence, the present paper extends...

Okun's law - the relationship between unemployment and output - is one of the best known empirical regularities in macroeconomics. It is an important relationship because the way in which unemployment reacts to changes in output has implications for labour market and monetary policies and for...

In North America the housebuilding industry is ubiquitous and locally autonomous. In Ontario during the 1990s, 81% of urban single-family homes were erected by locally based builders, a proportion that varied with urban isolation. Urban areas may be regarded as the industrial districts of home...

Urbanists share and reproduce three stereotypes about North American suburbs. First, many invoke a clichéd ideal: the desire to enjoy quiet privacy in a low-density residential environment near the urban fringe. Second, they assume that most suburbs have actually conformed to this ideal. Third,...

Standard models—based exclusively on macro-financial variables—have made little progress in explaining the behavior of exchange rates. In this paper, we introduce a neglected set of “soft power†factors capturing a country’s demographic, institutional, political...