In spatial discrete choice models the spatial dependent structure adds complexity in the estimation of parameters. Appropriate general method of moments (GMM) estimation needs inverses of n-by-n matrices and an optimization complexity of the moment conditions for moderate to large samples makes...

This piece examines the local tourism-related expenditures made by attendees at large, outdoor popular music concerts held from 2010 to 2012 in Bangor, Maine. A regression analysis of the relationship between monthly taxable retail sales—e.g., restaurant and lodging sales—and the number of...

The Leontief input-output model provides the basis for quantifying backward linked multiplier effects of exogenous final demand shocks. In certain situations, however, policies or uncontrollable factors induce exogenous changes in gross industry output. Application of the usual Leontief...

Although the traditional economic base model remains a useful tool for regional analysis, in a multi-region context it fails to account for feedback effects. In addition, since the model is typically applied to individual regions, formal assessment of variation in the magnitude of regional...

The objective of this research is to investigate employment patterns by age-sex specific cohorts through the application of a modified version of the shift-share model and in the process incorporating the Patterson (1991) regression analogue. Are older workers becoming unemployed or encouraged...

Numerous studies have pointed to the econometric problems introduced by heterogeneity in cross-sectional data samples used to explore convergence suggested by neo-classical growth models. We introduce a local concept of convergence along with a Bayesian locally linear spatial estimation method...

In this paper we consider the matrix forms of the Sraffa-Leontief income distribution model introduced by Steenge (1995, 1997). We will explore the equivalence between these matrix forms and the set of simpler models, including the Sraffian condition of linear relations between the rate of...

Recently there has been a renewed research interest in the properties of non-survey updates of input-output tables and social accounting matrices (SAM). Along with the well-known scaling RAS method, new procedures related to entropy minimization and other metrics have been suggested, tested, and...

Recent reviews of the regional growth and change literature conclude that the strand of research attempting to identify determinants of growth in general terms has been reasonably successful, but the strand attempting to provide public policy direction has been far less successful. A critical...

In his Presidential Address, Professor Woodward uses South Carolina’s economic development experience as a case study of significant challenges in regional development. The state has re-industrialized and emerged as a leader in attracting capital investment through generous financial...