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Washington State Institute for Public Policy

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Publications

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Regional Long Waves of Economic Development: Trends in the Washington Economy
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Douglas Booth - May 1987

Like national and world economies, a regional economy goes through long waves of economic activity. Specifically, a region will experience a relatively lengthy period of economic growth close to or above the national rate followed by a relatively lengthy period of economic growth below the national rate. This research applies a regional long wave theory of economic development to the Washington State economy to explain recent changes in its structure and rate of growth and to predict its probably future course.

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