The severity of the current recession in conjunction with long run spatial shifts in employment and population have increased academic interest in the responsiveness of regional and city economies to the business cycle. What are the factors that lead to spatial differences in the responses of subnational economies to national business cycles, am what is the relationship between the amplitude of an economy's cycle and its long run growth? The purpose of this report is to explore these questions as well as to address the broader issue of the affects of national cycles on regional am urban economies.

This report is part of the collection of scanned historical documents available to the public.