Showing 1 - 10 of 11
Several spatial econometric approaches are available to model spatially correlated disturbances in count models, but there are at present no structurally consistent count models incorporating spatial lag autocorrelation. A two-step, limited information maximum likelihood estimator is proposed to...
Persistent link: https://www.econbiz.de/10009429435
Climate change, the ?boom and bust? cycles of rivers, and altered water resourcemanagement practice have caused significant changes in the spatial distribution of the risk offlooding. Hedonic pricing studies, predominantly for the US, have assessed the spatial incidenceof risk and the associated...
Persistent link: https://www.econbiz.de/10009483584
The use of environmental policy instruments such as eco-labelling and pesticide taxes should preferably be based on disaggregate estimates of the individuals’' willingness to pay (WTP) for pesticide risk reductions. We review the empirical valuation literature dealing with pesticide risk...
Persistent link: https://www.econbiz.de/10009442897
This paper investigates non-linearity in spatial processes models and allows for a gradual regime-switching structure in the form of a smooth transition autoregressive process. Until now, applications of the smooth transition autoregressive (STAR) model have been largely confined to the time...
Persistent link: https://www.econbiz.de/10009443233
The traditional view of cities as monocentric conglomerates of people clustered around an employment center, driving economic growth in cities that subsequently trickles down to the hinterland, is increasingly being challenged. In particular, the role of space, technological leadership, human...
Persistent link: https://www.econbiz.de/10009443506
This paper tests a series of prominent hypotheses regarding the determinants of per-capita income using a novel spatial econometric approach to control for spillovers among neighboring countries and for spatially correlated omitted variables. We use simultaneous equations to identify alternative...
Persistent link: https://www.econbiz.de/10009444133
The traditional view of cities as monocentric conglomerates of people clustered around an employment center, driving economic growth in cities that subsequently trickles down to the hinterland, is increasingly being challenged. In particular, the role of space, technological leadership, human...
Persistent link: https://www.econbiz.de/10009444143
This paper revisits the inequality-growth relationship accounting for sectoral differences and focusing on US counties. For 8 two-digit industries of the NAICS classification, we estimated a conditional growth model where employment growth depends on regional income inequality and a number of...
Persistent link: https://www.econbiz.de/10009444734
For several decades, cross-country analyses have dominated the literature on economic growth. Recently, these analyses have been extended to include sectoral variation as well as spatial variation across sub-national regions. This paper investigates economic growth and potential determinants of...
Persistent link: https://www.econbiz.de/10009444985
The selection of appropriate parameters for computable general equilibrium (CGE) models critically affects the results of applied economic modeling exercises. Valid and reliable parameter selection models are needed, and typically comprise direct estimation, expert opinion, or copycatting of...
Persistent link: https://www.econbiz.de/10009444988