Muncie Star Press Fall is a time for inexpensive conferences and parent weekends at colleges, and so, over the last month, I’ve been traveling extensively in the eastern half of the country. Some folks enjoy travel for the beautiful scenery, historic architecture and differing cultures. As an economist, I also think about local productivity differences over time — we are romantic in that way. What I saw offered only good long-term prognosis for the economy. Travel causes intense interaction with the hospitality and tourism sectors. These are sophisticated industries, whose productivity has local effects on employment and business profitability. […]
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