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This article considers some of the issues and difficulties relating to the use of spatial panel data regression in prediction, illustrated by the effects of mass immigration on wages and income levels in local authority areas of Great Britain. Motivated by contemporary urban economics theory,...
Persistent link: https://www.econbiz.de/10010775017
On the assumption that it is sometimes necessary to take a step sideways to make progress, this article describes the author’s preferred spatial econometric modeling approach based around recent theory developed in the field of urban economics. This has many features in common with...
Persistent link: https://www.econbiz.de/10011139299
According to the simplest neoclassical theory, closer integration will ultimately eliminate the current differences in per capita incomes between European Union (EU) regions. Models based on the Keynesian tradition and endogenous growth theory suggest different outcomes. This article looks at...
Persistent link: https://www.econbiz.de/10010776040