Thursday, March 24, 2011

regional economics and employment shocks.

Two of the world's most prominent economists, Mankiw and Krugman, have welcomed the free public release of The Brookings Papers on Economic Activity journal archives. Krugman points to a paper on Regional Evolutions as influential to his thinking on the importance of labour mobility to regional economic adjustment in currency zones.

The paper (need to skim through the wonkish bits) does actually provide a useful framework for thinking through issues related to regional economics here and adverse shocks to employment as experienced in the Cairns regional economy in recent years.

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