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functions in conjunction with the dependence of price on distance, and consider whether spatial interaction theory can provide … this explanation is not unequivocal. On the other hand we show that incorporating spatial interaction theory elements in a …
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This paper employs Vector Autoregression (VAR) models to measure the impact of monetary policy shocks on regional output in Indonesia. Having incorporated a possible structural break following the aftermath of the 1997-98 Asian Crisis, the impulse response functions derived from the estimated...
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