In the past few years, very little effort has been made to specify and estimate fullfledged econometric models of regional growth. There were many examples of such modelling in the 1970s and 1980s, but not much has been produced since. This has been partly due to the decline in multiequational models of macro economies that characterized the end of the last century. Regional and urban econometric analyses have more recently focused on the specification and estimation of single equation models or of small systems of equations dealing with partial equilibrium issues independently from the other markets that characterize a regional economy.
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