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

Graves, Philip E. and Mueser, Peter R. (1993): The role of equilibrium and disequilibrium in modeling regional growth and decline: a critical reassessment. Published in: Journal of Regional Science , Vol. 33, No. 1 : pp. 69-84.

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

• Item Type: MPRA Paper
• Language: English
• Keywords: migration; regional growth and decline; amenities; disequilibrium; equilibrium; location
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure; N - Economic History > N9 - Regional and Urban History; A - General Economics and Teaching > A1 - General Economics; J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J31 - Wage Level and Structure ; Wage Differentials; J - Labor and Demographic Economics > J0 - General; D - Microeconomics > D1 - Household Behavior and Family Economics

References

There are a great many references in this paper which I was unable to copy/paste from the .pdf. Please see the article itself for further information.