Spatial impacts of economic crisis. Scenarios for the Portuguese Regions
Unemployment and migration are known effects of financial and economic crisis. This paper tries to understand the spatial patterns of those effects in a city and its surroundings considering the direct and induced impacts, the migration flows between the city, the surroundings and the outside and the multiplier effects that come from the changing rents of the economic landscape. We use a spatial interaction model with rent calibration and the cyclical results of the distribution of rents and unemployment subsidies. We apply the model to Portuguese NUTS 3 regions where the reduction of some basic economic activities is producing direct and induced impacts on unemployment, reduction of active population and migration.
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- Tomaz Ponce Dentinho, 2011. "Unsustainable cities, a tragedy of urban infrastructure," Regional Science Policy & Practice, Wiley Blackwell, vol. 3(3), pages 231-247, 08.
- Michael Bruno & Jeffrey Sachs, 1982. "Energy and Resource Allocation: A Dynamic Model of the "Dutch Disease"," Review of Economic Studies, Oxford University Press, vol. 49(5), pages 845-859.
- Tomaz Ponce Dentinho, 2012. "New challenges for sustainable growth," Chapters,in: Networks, Space and Competitiveness, chapter 11, pages 276-290 Edward Elgar Publishing.
- Davis, Graham A., 1995. "Learning to love the Dutch disease: Evidence from the mineral economies," World Development, Elsevier, vol. 23(10), pages 1765-1779, October.
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