The purpose of this dissertation is to describe and test competing hypotheses regarding Korean industrialization. Has Korea followed the neoclassical path of static comparative advantage or did Korea anticipate comparative advantage? We will attempt to answer this question through three essays.

This paper examines equilibrium properties of local jurisdictions implied by the Tiebout-style model. A set of equilibrium conditions are derived from a general equilibrium model of local jurisdictions. The conditions are parameterized and empirically estimated in a two-stage procedure. The...

This research evaluated forecasting accuracy of hedonic price models based on a number of different submarket assumptions. Using home sale data for the City of Knoxville and vicinities merged with geographic information, we found that forecasting housing prices with submarkets defined using...