On the Role of Amenities in Models of Migration and Regional Development*
Year: 1989
Type: article
Abstract: "The role of location-specific amenities in human migration decisions, and subsequently regional development, is explored. A framework is developed which motivates a new assessment of existing alternative models of regional development, indicating the need for additional modeling efforts which focus upon amenities as critical elements in such analyses. The approach hinges upon the notion that amenity values are capitalized into wages, rents, or other local prices. This process of capitalization enables researchers to explore the implicit value that society places upon amenities, which can then be used in assessing future regional-development trends in a more comprehensive manner."
Source: Journal of Regional Science
Authors: Thomas A. Knapp, Philip E. Gravest
Institutions: Pennsylvania State University, University of Colorado Boulder
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2118028138