This paper employs U.S. metropolitan data to investigate the relationship between mortality rate and the business cycle. We utilize mortality and employment data that are specific to a given city, year and race/ethnic group. The analysis improves upon the existing literature by analyzing the...

This paper examines both the long-run and short-run relationships among the four regional housing markets in Taiwan, under the structural change framework. The empirical results demonstrate that the regional housing markets have a cointegration relationship and the long-run relation has two...

This paper studies the impact of automobile production on the poverty rate of Alabama's counties. The findings suggest that automobile production in Alabama significantly reduces the poverty rate in all counties. The impact of automobile production on poverty reduction in distressed black belt...

This paper analyses the allocation of public investment across heterogeneous regions when the government can use a regional transfer policy and individuals can migrate across regions. The government should choose the same amount of public investment regardless of the taxation policy. The...

This paper has two interconnected goals. The first is to provide a simple method for measuring the variance in house prices which can not be attributed to the heterogeneous nature of real estate goods. The second goal is to show the strong statistical significance of this residual volatility in...

In this paper an approach for automatic detection of segments where a regression model significantly underperforms and for detecting segments with systematically under- or overestimated prediction is introduced. This segmentational approach is applicable to various expert systems including, but...

We relax the assumption of constancy of the marginal utility of income into a structural model of urban transportation with endogenous congestion. We examine the impact of unobserved heterogeneity in Marginal Utility (MU) of income on the determinants of travel by estimating the model using...

This paper incorporates asymmetric inter-regional transportation costs into the two-region endogenous growth model in Martin and Ottaviano (1999) to investigate the growth effects of an increase in the cost of transporting goods from the Sough (North) to the North (South). We show that with...

Technology transfer and, more broadly, knowledge spillover from universities to industry has become increasingly studied as universities have become charged with driving local economic growth. This study offers several empirical improvements over prior efforts to measure the aggregate local...

Tiebout's basic claim was that when public goods are local, competition between jurisdictions solves the free riding problem in the sense that equilibria exist and are always Pareto efficient. Unfortunately, the literature does not quite support this conjecture. For finite economies, one must...