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.
Download (902kB) | Preview
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