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We analyze two hitherto little studied but salient questions concerning the trinity of asymmetric information, entrepreneurial activity, and the scope of fiscal policy in an open regional economy. First, we use a two period model to analyze the contractual relationship between entrepreneurs and...
Persistent link: https://www.econbiz.de/10013143999
the concept of 'entrepreneurial city'. A network connectivity model is adopted to assess connectivity patterns, using the …
Persistent link: https://www.econbiz.de/10011346457
with relying on market and competitive forcesto provide network services is the nature of supply and demandcharacteristics …
Persistent link: https://www.econbiz.de/10010336865
presented a research challenge to network analysis, that is, growth of the network. The present paper offers a network analysis … of the spatial commuting network in Germany. First, we study the spatial evolution of the commuting network over time …. Secondly, we compare two spatial interaction model (SIM) specifications, in order to replicate the actual network structure …
Persistent link: https://www.econbiz.de/10013138073
investigates - from a methodological viewpoint - the relationship between network connectivity and the rank-size rule (or Zipf …'s law) in an urban-economic network constellation. After a review of the literature, we address in particular the following …-economic network theories (e.g. entropy maximization, spatial interaction theory, etc.); (ii) the nature of the analytical relationship …
Persistent link: https://www.econbiz.de/10011731610
Many networks such as the Internet have been found to possess scale-free and small-world network properties reflected …-organizing processes and more specifically, preferential attachment. New nodes in a network tend to attach themselves to other vertices …, the diameter of the network is small in comparison to other network structures, and movement through the network is …
Persistent link: https://www.econbiz.de/10014068602
Persistent link: https://www.econbiz.de/10014251711
This paper introduces a novel approach for dealing with the 'curse of dimensionality' in the case of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the number of endogenous variables tends to infinity. It is...
Persistent link: https://www.econbiz.de/10003646695
This paper extends the cross sectionally augmented panel unit root test proposed by Pesaran (2007) to the case of a multifactor error structure. The basic idea is to exploit information regarding the unobserved factors that are shared by other time series in addition to the variable under...
Persistent link: https://www.econbiz.de/10003652679
Persistent link: https://www.econbiz.de/10003741143