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The Neoclassical theory of production establishes a dual relationship between the profit value function of a competitive firm and its underlying production technology. This relationship, usually referred to as the duality theory, has been widely used in empirical work to estimate production...
Persistent link: https://www.econbiz.de/10009444351
Swiss metropolitan areas are comprised of a system of communities with considerable fiscal autonomy. This study investigates how the income tax differentials across communities in an urban area affect the households` location decisions. Data from the urban agglomeration of Basel for the year...
Persistent link: https://www.econbiz.de/10009442367
Per capita income and human population levels in a country have direct influences on itsenvironmental outcomes. Countries with same level of income may have different rate ofincome growth and vice versa, suggesting that the influence of the rate of income growth onenvironmental outcomes could be...
Persistent link: https://www.econbiz.de/10009443801
Based on the Ricardian rent theory, this study employs the variable profit function to analyze the determinants of Iowa cropland cash rental rates using county-level panel data from 1987 to 2005. Accounting for spatial and temporal autocorrelations, responses of local cash rental rates to...
Persistent link: https://www.econbiz.de/10009445159
Spatial dependence in individual-tree diameter, and growth model residuals was characterised for an even-aged Eucalyptus pilularis (Smith) experiment in New South Wales,. Australia. The magnitude of spatial dependence changed as the dominance of competitive mechanisms and micro-site influences...
Persistent link: https://www.econbiz.de/10009448357
This thesis considers a dynamic panel data model with error components that are correlated both spatially (cross-sectionally) and time-wise. The model extends the literature on dynamic panel data models with cross-sectionally independent error components. The model for spatial dependence is a...
Persistent link: https://www.econbiz.de/10009450825
In applied work economists often seek to relate a given response variable y to some causal parameter mu* associated with it. This parameter usually represents a summarization based on some explanatory variables of the distribution of y, such as a regression function, and treating it as a...
Persistent link: https://www.econbiz.de/10009430113
. My results are encouraging, suggesting that the estimation strategy is able to significantly reduce endogeneity bias, and …
Persistent link: https://www.econbiz.de/10009431177
they are for a currency union. In terms of the endogeneity argument, convergence follows from joining a currency union and …
Persistent link: https://www.econbiz.de/10009457804
across econometric models that control for different types of endogeneity. We find no evidence that firm characteristics that …
Persistent link: https://www.econbiz.de/10009463063