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In this paper we develop a spatial panel simultaneous-equations model of business growth, migration behavior, local public services and median household income in a partial lag-adjustment growth-equilibrium framework and utilizing a one-way error component model for the disturbances. This model...
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This study focuses on testing the relationship between income inequality and growth within U.S. counties, and the channels through which such effects are observed. The study tests three hypotheses: (1) income inequality has an inverse relationship with growth; (2) regional growth adjustments are...
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This paper presents theory and methods used to construct an interregional commodity by industry flow matrix for the United States. The interregional flow matrix method involves the construction of single-state (and DC) social accounting matrices (SAMs) using data derived from IMPLAN. Once...
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