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Redding, Stephen J. - 2016

The observed uneven distribution of economic activity across space is influenced by variation in exogenous geographical characteristics and endogenous interactions between agents in goods and factor markets. Until recently, the theoretical literature on economic geography had focused on stylized...

Persistent link: https://www.econbiz.de/10012982952

Unitization of Spatially Connected Renewable Resources

Kaffine, Daniel - 2015

Spatial connectivity of renewable resources induces a spatial externality in extraction. We explore the consequences of decentralized spatial property rights in the presence of spatial externalities. We generalize the notion of unitization - developed to enhance cooperative extraction of oil and...

Persistent link: https://www.econbiz.de/10013038597

An Energy-Centric Theory of Agglomeration

Moreno-Cruz, Juan - 2016

magnify productivity. We show how our theory's predictions concerning a single core, aggregate to predictions over regional …

Persistent link: https://www.econbiz.de/10012976980

Causal Inference in Urban and Regional Economics

Baum-Snow, Nathaniel - 2014

Recovery of causal relationships in data is an essential part of scholarly inquiry in the social sciences. This chapter discusses strategies that have been successfully used in urban and regional economics for recovering such causal relationships. Essential to any successful empirical inquiry is...

Persistent link: https://www.econbiz.de/10013046178

The Origins of Spatial Interaction

Keller, Wolfgang; Shiue, Carol H. - 2021

Geography shapes economic outcomes in a major way. This paper uses spatial empirical methods to detect and analyze trade patterns in a historical data set on Chinese rice prices. Our results suggest that spatial features were important for the expansion of interregional trade. Geography...

Persistent link: https://www.econbiz.de/10013220543

Fluctuations, Instability, and Agglomeration

Krugman, Paul R. - 2021

Recent models in economic geography suggest that there may be very large numbers of equilibrium spatial structures. Simulations suggest, however, that the structures that emerge are surprisingly orderly, and often seem approximately to follow simple rules about the spacing of urban sites. This...

Persistent link: https://www.econbiz.de/10013247411

Econometrics and the Design of Economic Reform

Bruno, Michael - 2010

The concept of Economic Reform is described as a planned shift from one, Pareto inefficient, but quasi-stable, equilibrium (or 'trap') to a new Pareto superior equilibrium which is, or is designed to become, stable too. The concept is applied to recent 'shock' stabilization programs, with...

Persistent link: https://www.econbiz.de/10013135342

Solving Large Scale Rational Expectations Models

Gaspar, Jess - 2010

We explore alternative approaches to numerical solutions of large rational expectations models. We discuss and compare several current alternatives, focussing on the tradeoffs in accuracy, space, and speed. The models range from representative agent models with many goods and capital stocks, to...

Persistent link: https://www.econbiz.de/10012763554

Econometrics for Decision Making : Building Foundations Sketched by Haavelmo and Wald

Manski, Charles F. - 2019

initiated his own seminal development of statistical decision theory. Haavelmo favorably cited Wald, but econometrics …In the early 1940s, Haavelmo proposed a probabilistic structure for econometric modeling, aiming to make econometrics … subsequently did not embrace statistical decision theory. Instead, it focused on study of identification, estimation, and …

Persistent link: https://www.econbiz.de/10012857670

Instrumental Variables : An Econometrician's Perspective

Imbens, Guido W. - 2014

I review recent work in the statistics literature on instrumental variables methods from an econometrics perspective. I …

Persistent link: https://www.econbiz.de/10013056855

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