THE PARADOX OF SLOW-GROWTH HIGH-INCOME REGIONS

Autor:	Gérard Bélanger, Jean-Luc Migué
Rok vydání:	2007
Předmět:	Resource (biology) Geography Planning and Development Development economics Economics Aerospace Engineering International economics Federalism Development Standard of living Per capita income Empirical evidence Slow growth Term (time)
Zdroj:	Economic Affairs. 27:57-64
ISSN:	1468-0270 0265-0665
DOI:	10.1111/j.1468-0270.2007.00756.x
Popis:	We attempt to provide an economic theory and the empirical evidence to explain why slow-growth regions, like Quebec in Canada, enjoy as high living standards as rapidly growing regions. In the long term quantities not prices adjust (except for the price of land, a resource in fixed supply). Despite variations in regional growth rates, real per capita income adjusted for housing costs converge in all regions. The analysis offers important insights into regional development and has far-reaching implications for federalism.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::ac94d0771ef8fe9632ecff2c18b2f030 https://doi.org/10.1111/j.1468-0270.2007.00756.x Zobrazit plný text záznamu Plný text ve formátu PDF