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implications for the housing market, transportation demands and the provision of
public goods (such as schools) will all require significant modifications.
The challenges are significant, requiring innovative adjustments to the set of
existing models; impact analyses and forecasts that ignore these demographic
dynamics are likely to be seriously in error. The issues are most decidedly spatial
in character, providing the possibilities for the next generation of scholars to expand
the regional science toolbox and thus continue to build on the foundation that
Walter Isard provided.
Acknowledgments Parts of this paper draw on joint work of SangGyoo Yoon, Seryoung Park
and Tae-Jeong Kim whose contributions are gratefully appreciated. The comments of an anony-
mous referee and the support of the National Science Foundation Grant 0818575 is gratefully
acknowledged.
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