Migué, Jean-Luc; Bélanger, Gérard - In: Economic Affairs 27 (2007) 3, pp. 57-64
"We attempt to provide an economic theory and the empirical evidence to explain why slow-growth regions, like Quebec in Canada, enjoy as high living standards as rapidly growing regions. In the long term quantities not prices adjust (except for the price of land, a resource in fixed supply)....
