Understanding the Concept of Residential Economy by Laurent Davezies
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Residential economy, Laurent Davezies, Laurent, local economy, demand, supply, tourism, economic works, Homer Hoyt, Douglas North, Charles Tiebout, Richardson
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Abstract
Discover the concept of residential economy and its significance in local economies, as presented by Professor Laurent Davezies in his 2009 article. Learn how the residential economy is structured around local demand and supply, and how it differs from other forms of local economies.
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[...] This latter represents a type of economy specific to the residential economy within which the presence, namely that of the population, influences the economy. This is particularly the case in the context of an economy based on tourism. Through multiple examples, the author demonstrates the existence of this present economy, notably in Haute Provence or Les Hautes Alpes: where tourism constitutes a non-negligible source of local economy. From then on, we can therefore understand the different levels of measures of the local economy by reading this text. [...]
[...] However, it is through the definition proposed by INSEE that one truly notices what an residential economy means, namely, the researcher considers - page 51 - the residential economy as The entire employment that would respond locally to the demand of households » what allows to understand a corollary notion: the so-called employment domestics. Thus, the residential economy is structured around a local economy in which demand and supply are provided by the local level without the intervention of an external power. [...]
