This paper identifies instruments for house prices and foreclosure rates and estimates a Dynamic Spatial Simultaneous Equation System (DSSES) to investigate the dynamics of them across space and time. Shocks to the foreclosure rate in one state not only affect house prices in that state but also...

Individualism has long been linked to economic growth. Using the COVID-19 pandemic, we show that such a culture can hamper the economy's response to crises, a period with heightened coordination frictions. Exploiting variation in US counties' frontier experience, we show that more individualist...

Industrial agglomeration has become common discussion topic, particularly in relation to economic growth and the reduction of regional inequality between regions. The phenomenon that occurs at this time that the agglomeration of manufacturing industries in South Sumatra has not fully happened....

We simulate a spatial behavioral model of the diffusion of an infection to understand the role of geographical characteristics: the number and distribution of outbreaks, population size, density, and agents' movements. We show that several invariance properties of the SIR model with respect to...

We analyze the correlates of COVID-19 cases and deaths across US counties. We consider a wide range of correlates - population density, public transportation, age structure, nursing home residents, connectedness to source countries, etc. - finding that these variables are important predictors of...

This paper provides a comprehensive overview of intergenerational income mobility in Sweden. Intergenerational income mobility is considered in both relative and absolute terms, and the analysis is carried out at the individual and municipality-level. We use multilevel models to explore the...

We study the dynamics of the exploitation of a natural resource, distributed in space and mobile, where spatial diversification is introduced by a network structure. Players are assigned to different nodes by a regulator, after he/she decides at which nodes natural reserves are established....

As one of the main characteristics of the Third World and developing countries, the rapid and increasing development of urbanization along with the increasing concentration of population and activities in some regions, has caused regional imbalances. The result of such a feature, which can be...

US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited for helping stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional variation in temporary stimulus packages and...