The impact in the long run of exchange rate is differentiated between the regions of a country or of a monetary zone. Nevertheless, very few theoretical or empirical work has been done in that field. On the one hand, standard international trade theory considers the national space as being...

Using a simplified theoretical model, we illustrate the potential existence of a market failure in the location of economic activity, which could lead to an exaggerated concentration in the core region. Based on this, we analyze whether a public policy intervention of decreasing the mobility...

This study examines the case for cluster policy. This case is theoretically ambiguous and empirically very weak.

This paper uses an economic agent-based model of land use in a hypothetical urban fringe community to examine the effects of large-lot zoning on land conversion, land prices, and the spatial configuration and density of new development. The model incorporates the actions of heterogeneous housing...

Zhang (2019) has written that variations in research design have led to conflicting or mixed reviews of many local economic development policies that are based on the enterprise zone concept. She mentions a study and an article (Lambert 1997, Lambert and Coomes 2001) on the Louisville, Kentucky...

O'Brien and Lane (2018) examines the popular use of film industry incentives by US states to promote economic growth. The authors claim that their findings indicate the presence of incentives is positively associated with filming, industry employment, and new industry establishments, which is...

This review essay debates the policy issues raised by the book Retooling for Growth: Building a 21st Century Economy in America’s Older Industrial Areas, edited by Richard M. McGahey and Jennifer S. Vey (Brookings Institution Press, 2008). I argue that the main rationale for adopting policies...

After reading Richard Florida’s work (e.g. Florida, 2003) on the creative industry and on the importance of the creative class for urban development in post-industrial economies, many cities in Europe and the USA have started to invest in creativity in general and in design in particular. Much...

In this paper we incorporate interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law, Sociology, Behavioral and Political Sciences), and suggest a framework for analyzing and improvement of governance of socio-economics dynamic of agriculture....

The refinance shares reported by Freddie Mac's Primary Mortgage Market Survey (PMMS), the Mortgage Bankers Association (MBA), the Home Mortgage Disclosure Act (HMDA), and the National Mortgage News (NMN) have differed by up to 21 percentage points between 1990 and 2005. If a lender's refinance...