The purpose of this paper is to review the empirical and theoretical literature on area economic competitiveness and the sub-national location of economic activity. Thus, we are interested in why economic activity locates where it does, and, from the perspective of a given sub-national area, what...
High housing costs are mostly regional, not national, problem. U.S. does not have a single, unified housing market. Since 2012, U.S. housing prices have risen by 5.3% per year. This outpaces household income growth of 4% annually (Bhutta et al 2017). But large regional variation in housing price...