This paper presents a model which illustrates the interaction between the labour and real estate markets in the determination of the value of local amenities. The primary purpose of this study is to examine the importance of functional form in measuring the quality of life (QOL) in urban areas....

Previous estimates of the elasticity of substitution between capital and land ignore the role of labor and financing in the production function for housing. In the case of cross-section data between cities, time-series data, or pooled cross-section and time series data, the exclusion of one or...

As the economy evolves, so do the coefficients of input-output (I-O) tables. Yet input substitutions occur primarily within economic sectors rather than between them. Consequently, at broader levels of economic aggregation, the annual revision of I-O tables may prove unnecessary. This study...