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The role of equilibrium and disequilibrium in modeling regional growth and decline: a critical reassessment

Author

Listed:
  • Graves, Philip E.
  • Mueser, Peter R.

Abstract

While unable to copy/paste the abstract, the paper argues that regional differentials in wages and rents are overwhelmingly of an equilibrium nature, with disequilibrium forces having little systematic influence

Suggested Citation

  • Graves, Philip E. & Mueser, Peter R., 1993. "The role of equilibrium and disequilibrium in modeling regional growth and decline: a critical reassessment," MPRA Paper 19915, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:19915
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    File URL: https://mpra.ub.uni-muenchen.de/19915/1/MPRA_paper_19915.pdf
    File Function: original version
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    More about this item

    Keywords

    migration; regional growth and decline; amenities; disequilibrium; equilibrium; location;

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • N9 - Economic History - - Regional and Urban History
    • A1 - General Economics and Teaching - - General Economics
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J0 - Labor and Demographic Economics - - General
    • D1 - Microeconomics - - Household Behavior

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