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This study develops a five-equation simultaneous system in a partial lag-adjustment growth-equilibrium framework. It improved previous models in the growth-equilibrium tradition by explicitly modeling local government and regional income in the growth process. It also explicitly modeled gross...
Persistent link: https://www.econbiz.de/10010929280
This study provides evidence of the contribution of entrepreneurship to economic development in Appalachia. Using data on Appalachian counties, a system of simultaneous equations is empirically estimated to measure the effects of entrepreneurship on economic growth and development. We present an...
Persistent link: https://www.econbiz.de/10010929283
significant conditional convergence with respect to both small business growth and median household income growth in Appalachia …
Persistent link: https://www.econbiz.de/10010929297
results also show the existence of conditional convergence with respect to the respective endogenous variable of each equation …
Persistent link: https://www.econbiz.de/10010929307
A multivariate spatial autoregressive model of local public expenditure determination with autoregressive disturbance is developed and estimated in this paper. The empirical model is developed on the principles of utility maximization of a strictly quasi concave community utility function. The...
Persistent link: https://www.econbiz.de/10010929319
In this paper, a spatial simultaneous equations model of business growth, migration behavior and median household income is empirically estimated. The empirical simultaneous model is developed from the equilibrium relationships among these variables where each variable is assumed to adjust to...
Persistent link: https://www.econbiz.de/10010929320
This study analyzes trends in the population distribution of Switzerland, with focus on the period 1980-2000. It updates and extends an earlier study (Schaeffer, 1992a). The extensions include analyses of population distribution trends by region and citizenship. Results show that Switzerland...
Persistent link: https://www.econbiz.de/10010929325
In this study, a spatial growth equilibrium model of business growth is developed and empirically estimated by Generalized Spatial Two-Stage Least Squares (GS2SLS) estimator using cross-sectional data from Appalachian States counties for 1990-2000. Beside the existence of spatial spillover...
Persistent link: https://www.econbiz.de/10010929330
Entrepreneurship variables constructed from county-level proprietorship and firm birth data were included in an endogenous growth model to determine the relationship between entrepreneurship and economic growth in West Virginia. The empirical estimates using weighted least squares (WLS) and...
Persistent link: https://www.econbiz.de/10010929337
The purpose of this research is to examine the relationship between environmental regulation and economic growth. A four-equation regional growth model is used to analyze the simultaneous relationships among changes in population, employment, per capita income, and environmental regulations for...
Persistent link: https://www.econbiz.de/10010929354