Expenditures by local goverments often exhibit positive spatial autocorrelation. A spatial pattern might arise either from an endogenous effect (with local authorities being affected by the average behavior in the neighborhood) or from exogenous/correlated effects(with the behavior of close-by...

This paper models horizontal and vertical fiscal externalities in a multi-tiered structure of government, and implements maximum likelihood (ML) and instrumental variables (IV) estimation techniques to identify the source of spatial dependence in English local government expenditures. The...

The aim of this paper is to study the consequences of the introdution of supply side and learning efects in the process of technological adoption. Explicit consideration of supply side makes endogenous the price path, whereas the occurring of learning enables a better understanding of the...