The Role of Equilibrium and Disequilibrium in Modeling Regional Growth and Decline: A Critical Reassessment

Journal of Regional Science, Vol. 33, No. 1, pp. 69-84, February 1993

16 Pages Posted: 27 Jul 2009 Last revised: 4 Aug 2010

See all articles by Philip E. Graves

Philip E. Graves

University of Colorado at Boulder - Department of Economics

Peter R. Mueser

University of Missouri; IZA Institute of Labor Economics

Date Written: 1993

Abstract

Responding to a paper in this journal by Evans, we assess the relative role of equilibrium and disequilibrium in modeling regional growth and decline. While there are elements of both present, we find a preponderance of evidence that equilibrium forces are the dominant influence.

Keywords: migration, regional growth, regional decline, amenities, disequilibrium, equilibrium

JEL Classification: R11, R12, R13, R14

Suggested Citation

Graves, Philip E. and Mueser, Peter R., The Role of Equilibrium and Disequilibrium in Modeling Regional Growth and Decline: A Critical Reassessment (1993). Journal of Regional Science, Vol. 33, No. 1, pp. 69-84, February 1993, Available at SSRN: https://ssrn.com/abstract=1438708

Philip E. Graves (Contact Author)

University of Colorado at Boulder - Department of Economics ( email )

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Peter R. Mueser

University of Missouri ( email )

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573-882-6427 (Phone)

HOME PAGE: http://web.missouri.edu/~mueser/

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