Titlebook: Empirical Regional Economics; Economic Base Theory Richard S. Conway Jr. Textbook 2022 The Editor(s) (if applicable) and The Author(s), und

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Urban and Rural Economiesure. While there are exceptions to the rule, urban economies have outperformed rural economies over time. A common problem with struggling rural economies is that they are dependent upon a single resource-based industry, such as agriculture, mining, and forestry.

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Economic Cyclesousing Bubble and the Great Recession. While this custom might seem curious, it is not surprising, since these points in time represent the best and worst that our economy has to offer. It would be beneficial to everyone—with perhaps the exception of speculators—to put a damper on economic cycles. B

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Economic Policythe complexity of regional economies, it is not always clear what policies will help. Import substitution is an appealing idea when an economy is suffering a prolonged downturn, but does it work? Opponents to the $15 minimum wage argue that it costs jobs, but on balance is this a bad proposal? One t

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Regional Forecastingad is that it holds both opportunities and pitfalls. In order to prepare for either eventuality, it is incumbent upon the stakeholders to engage in regional forecasting. The only requirements for the task are data, a model, U.S. projections, and luck.

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2192-4333 .Presents numerous regional economic case studies.This textbook offers an introduction to empirical regional economics, including a comprehensive and systematic overview of the fundamentals, history, development, and applications of economic base models. It not only provides a sound basis for region

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J. Picard,S. Giraudier,V. Larreta-Gardea region is “open” to its external economic environment, exports are a key to economic growth, people tend to follow jobs, and the unemployment rate, wage rates, and consumer prices are primarily determined in the national market.

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https://doi.org/10.1057/9781137552341omic behavior and welfare. It is important to note how certain regional variables—employment, migration, population, unemployment rate, per capita income, and the consumer price index—are related not only to other regional variables but also to their U.S. counterparts.

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https://doi.org/10.1007/978-3-030-74768-8orst that our economy has to offer. It would be beneficial to everyone—with perhaps the exception of speculators—to put a damper on economic cycles. But that would require a greater understanding of how our economy works than we seem to have.