Science news and science current events, research and discoveries.
Top science news articles and science current events stories from the past week.
Science Resources
Science RSS News Feeds
Earth, Life and Space Science RSS News Feeds.
|
 |
 |
 |
| View Larger Image | Why are population flows so persistent? [An article from: Journal of Urban Economics]
by J. Rappaport
| | List Price: | $8.95 |  | | Available: | Available for download now | | | | | Studio: | Elsevier | | | Binding: | Digital | | Publication Date: | November 01, 2004 | | Publisher: | Elsevier |
| |
FORMATS |
|
EDITORIAL REVIEWS |
Product Description
This digital document is a journal article from Journal of Urban Economics, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
A neoclassical model of local growth is developed by integrating the static equilibrium underlying compensating differential theory as the steady state of a neoclassical growth model. Numerical results show that even very small frictions to labor and capital mobility along with small changes in local productivity or local quality of life suffice to cause highly persistent population flows. Wages and house prices, in contrast, jump most of the way to their new steady state. The model suggests that cross-sectional regressions of local population growth can help to identify past and present changes in the determinants of representative-agent welfare. More generally, it provides a framework for interpreting observed local growth rates. |
|
|
|
