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Intellectual appeal and simplicity of use has led to the widespread application of the spatial hedonic model in assessing regional quality of life. Yet, the traditional spatial hedonic approach contains numerous assumptions, which typically are untested. Violation of the assumptions in practice...
Persistent link: https://www.econbiz.de/10010960050
Because U.S. micropolitan areas have only relatively recently been awarded official status, little is known about their comparative economic performance. Yet, since their inception economic performance among micropolitan areas has received considerable attention from the public and local area...
Persistent link: https://www.econbiz.de/10010774444
This analysis examines the effects of reducing the supply of foreign-born labor on the Idaho economy. We estimate effects on gross state product, state and local tax revenue, total economic output, employment, wages, and changes in household welfare measured as equivalent variation. Estimates of...
Persistent link: https://www.econbiz.de/10010885349
This paper is concerned primarily with the economic and welfare consequences of federal redistributive grants to regional governments. We use a model that has two regions, each with households, firms, and a regional government as well as a federal government. The households, firms, and regional...
Persistent link: https://www.econbiz.de/10010547673
This paper uses a monocentric city model to examine the effects of big box retailing on local retail prices, land values and utility. Relative to small local retailers, the big box offers a price discount that increases in its marginal cost advantage. Big box entry reduces local retail prices...
Persistent link: https://www.econbiz.de/10010547682
Using a simplified theoretical model, we illustrate the potential existence of a market failure in the location of economic activity, which could lead to an exaggerated concentration in the core region. Based on this, we analyze whether a public policy intervention of decreasing the mobility...
Persistent link: https://www.econbiz.de/10010547702
Even a casual library search clearly indicates that empirical growth studies comprise a significant, and growing, area of interest within the academic literature. In many respects, this strand of literature has been successful in identifying the basic nature of the growth process. By contrast,...
Persistent link: https://www.econbiz.de/10010547644
We examine the empirical relationship between public investment and per capita income growth in the Spanish regions over 1965-1997. Using a neoclassical growth model with public and human capital, a convergence equation is derived and estimated using panel data techniques. Besides providing...
Persistent link: https://www.econbiz.de/10010547679
This paper seeks to contribute to our understanding of the relationship between economic policy and economic growth. With the use of a standard growth model, it assesses the influence of public investment and public transfers on the rate of economic growth. It does this by using data from the 20...
Persistent link: https://www.econbiz.de/10010547704
One argument in support of minimizing urban sprawl is that sprawl creates transportation externalities. A problem with empirically examining the relationship between sprawl and transportation externalities is that sprawl is a difficult concept to quantify. This paper uses a measure of sprawl...
Persistent link: https://www.econbiz.de/10010547767