This article attempts to project the economic paths for the individual Midwest states (Illinois, Indiana, Michigan, Ohio and Wisconsin, as well as the rest of the US) in the near future when the population ageing becomes more pronounced. To accomplish this task, a dynamic general equilibrium...

While the Korean unemployment rates are currently among the lowest in OECD countries, the labor market duality and the underemployment in some segments of the population are important labor market challenges, and factors contributing to lower potential growth. The paper shows the benefits of...

This paper presents a two-sector overlapping generation (OLG) model to capture the impact of population aging on a regional economy (Illinois) and compares the effectiveness of government policy in an endogenous growth perspective. Comparing the computational results of a one-sector OLG model,...

The identification and interpretation of regional economic structure is addressed by reference to a four region, three sector interregional input-output table for the US for 1982. Using the transactions matrix, a succession of self-influence feedback loops are identified, first at the...

The main objective of this paper is to evaluate the migration processes that have been occurring in Chile between 1977-1982 and 1987-1992, as a market mechanism to re-allocate labor among regions. Using traditional consumer theory, a model is developed for a migrant who is evaluating migration....

The basic question is whether rural America is sustainable in its present form. America’s hegemonic position in world agricultural commodity trade is eroding. The lessons from urban America suggest that structural transformation is both painful and necessary. Improving rural...

In assessing the economic impact of a sector or group of sectors on a single or multiregional economy, input-output analysis has proven to be a popular method. . However, there has a problem in displaying all the information that can be obtained from this analytical approach. In this paper, we...

Honoring David Boyce for his legendary contributions to the fields of transportation modeling and regional science, the chapters in this festschrift highlight and analyze state-of-the-art and state-of-the-practice methodologies and theories in transportation modeling, regional and urban planning.