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government, and including a combined sector of totals. The results indicate that none of the sectors exhibits ó-convergence, but … they all show strong evidence of â-convergence with a convergence club pattern that is apparent for the wholesale …
Persistent link: https://www.econbiz.de/10009444985
The inclusion of spatial correlation of house price in hedonic pricing model may produce better marginal implicit price estimate(s) of the environmental variable(s) of interest. Most applications where a spatial econometric model is applied to the estimation of a hedonic property value model...
Persistent link: https://www.econbiz.de/10009442950
proposed modeling framework is then used to identify convergence clubs in the context of U.S. county-level economic growth over …
Persistent link: https://www.econbiz.de/10009443233
growth and convergence from a time series perspective focusing on regional labor markets. The second paper uses microdata to … evaluate what is termed conditional sigma convergence. Finally, the third paper uses innovations, as proxied by patents, and … “Stochastic Convergence and Regional Disparities: An Application to Urban Wages in Colombia” develops a model for real wages in …
Persistent link: https://www.econbiz.de/10009477831
Theories of economic growth have long recognized that the majority of growth resultsfrom endogenous changes in technology that emerge from the profit motivateddevelopment of new knowledge. However, recent theorizing has suggested that thecreation of knowledge in and of itself does not directly...
Persistent link: https://www.econbiz.de/10009458916
In the introductory chapter it has been laid out, that knowledge as an input factor of production exhibits a strong influence on economic development. The increasing knowledge intensity in the globalised economy needs to focus on the determinants of the "knowledge based society". Two major...
Persistent link: https://www.econbiz.de/10009482290
Using a data set of Wake County, North Carolina, property sales for the period 1992-2000, this study provides evidence as to the acceptability of spatial aggregation in hedonic property value models. Both statistical tests and tests based upon prediction errors are performed in order to identify...
Persistent link: https://www.econbiz.de/10009431197
Panel data are used in almost all subfields of the agricultural economics profession. Furthermore, many research areas have an important spatial dimension. This article discusses some of the recent contributions made in the evolving theoretical and empirical literature on spatialeconometric...
Persistent link: https://www.econbiz.de/10009444587
This article analyses determinants for 2001 farmland rental prices from 4376 farms in Germany. We derive our regression equation from a spatial reaction function to allow for spatial transmission of rental prices. Results from a general spatial model show that a € 1 per hectare higher rental...
Persistent link: https://www.econbiz.de/10009444847
Economic integration and mobility of capital have set the ground for a significant competition over resources. Tax competition for internationally mobile tax bases such as foreign direct investments has become an important matter of study. Nevertheless, literature has focused on a regional or...
Persistent link: https://www.econbiz.de/10009463392