Stricter environmental regulations are often opposed on the grounds that they will alter equilibrium capital flows. Empirical evidence in this area remains largely unresolved, mainly due to the quite disparate results found in the literature. This paper takes a positive look at the relationship...

In the environmental federalism literature it is argued that the optimal level of environmental quality varies widely across jurisdictions and that welfare losses associated with enforcing a harmonised uniform standard is quite large. Greater leeway for tailoring environmental standards to local...

The literature on the effects of environmental policy on the location behaviour of firms has so far failed to draw any firm conclusions. Different studies have shown that the effects may be zero, negative or positive. They always tend to be small. This paper argues that methodological issues...

Urbanization, industrialization and real estate reform have led to a vast growth of the real estate–construction sector in China. Using the 2002 and 2007 provincial input–output tables, this paper examines the importance of the real estate–construction sector in the Chinese economy by...

Becker (J Political Econ 99:1109–1116, <CitationRef CitationID="CR5">1991</CitationRef>) addresses the problem of persistent queues at popular restaurants. He poses the question why such restaurants do not raise their prices, thus reducing the queues while expanding profits. He presents a solution based on the assumption that demand by...</citationref>

We evaluate by means of Monte Carlo simulations the <b>W</b>-based spatial autoregressive model and the structural equation model with latent variables (SEM) to handle two types of simultaneously occurring weak spatial dependence: (i) spillover from a hotspot, and (iia) spillover from first-order,...

This paper analyzes the interstate distribution of awards made through the SmallBusiness Innovation Research (SBIR) Program operated by the U.S federalgovernment. The main finding is that awards tend to be made to firms in centersof innovative activity, where knowledge is most easily created and...