Showing 1 - 10 of 126
It is well known that the conventional CUSUM test suffers from low power and large detection delay. We therefore propose two alternative detector statistics. The backward CUSUM detector sequentially cumulates the recursive residuals in reverse chronological order, whereas the stacked backward...
Persistent link: https://www.econbiz.de/10012421897
This paper reconsiders the evolution of the growth of American cities since 1790 in light of new theories of urban growth. Our null hypothesis for long-term growth is random growth. We obtain evidence supporting random growth against the alternative of mean reversion (convergence) in city sizes...
Persistent link: https://www.econbiz.de/10011581479
Since Florida (2002b) revealed the importance of creative skills on economic growth, the notion of "creative class" has been deepened to analyze factors that shape the geography of talent of creative people. In spite of some strong correlations between artistic or cultural vibrancy, Third...
Persistent link: https://www.econbiz.de/10012198587
Many regression models are used to provide some recommendations in private sectors or government public policy. Data are usually obtained from several districts which may varies from one to the others. Assuming there is no significant variation among local data, a single global model may provide...
Persistent link: https://www.econbiz.de/10011517149
The term urban sprawl is often used to describe apparent inefficiencies of spatial development, including disproportionate growth of urban areas and excessive leapfrog development. In Switzerland, where open space is a scare resource, sprawl takes place all over the country. It goes at the...
Persistent link: https://www.econbiz.de/10011490036
We analyze the influence of newly constructed globalization measures on regional growth for the EU-27 countries between 2001 and 2006. The spatial Chow-Lin procedure, a method constructed by the authors, was used to construct on a NUTS-2 level a complete regional data for exports, imports and...
Persistent link: https://www.econbiz.de/10011540876
This study develops an easy forecasting model using prefectural data in Japan. The Markov chain known as a stochastic model corresponds to the vector auto-regressive (VAR) model of the first order. If the transition probability matrix can be appropriately estimated, the forecasting model using...
Persistent link: https://www.econbiz.de/10011521990
The paper presents a multiregional endogenous growth model designed for calibration with real world data and for numerical policy evaluation. It integrates four strands of research: (1) the Ramsey model of consumer behaviour, (2) Tobin's q-theory of investment, (3) Romer's theory of endogenous...
Persistent link: https://www.econbiz.de/10011527388
The traditional approach to estimate spatial models bases on a preconceived spatial weights matrix to measure spatial interaction among locations. The a priori assumptions used to define this matrix are supposed to be in line with the "true" spatial relationships among the locations of the...
Persistent link: https://www.econbiz.de/10012172405
Providing a decent living standard and preventing old-age poverty are the two major challenges of pension insurance schemes. Replacement rates below the poverty line despite many years of contribution represent a major challenge for public pension schemes with respect to the systems "raison...
Persistent link: https://www.econbiz.de/10012265643