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

This paper focuses on the consistency problem that arises in statistical models of regional growth from the joint and simultaneous consideration of the following four labor market

SUBMODEL OF THE REGIONAL ECONOMIC DEVELOPMENT As mentioned earlier, three aggregated sectors of the regional economy are described in the model: industries, agriculture and

Another characteristic of the tax function is its apparent high elasticity with respect t o the Gross National Product (GNP) and the attributes of struc- tural

The tertiary sectors o r the Border and Metropolitan Mexico City regions absorb much labor displaced from the primary sector both in those regions and in the

Dawson (1998) finds that for a sample of 92 (OECD and developing) countries the level of EF in 1990 is significantly related to political and civil freedom at

In this paper we construct a theory about how the expansion of higher education could be associated with several factors that indicate a decrease in the quality of degrees. We assume

The extent and exact effects of demographic changes depends on the specific modeling framework, but generally population decline has a detrimental effect on long-term growth

stable if, after departure from the equilibrium cawed by forces outside the system, the equilibrium is restored (initial posi- tion). Static equilibrium is a degenerated case