Showing 1 - 10 of 16
This study develops a five-equation simultaneous system in a partial lag-adjustment growth-equilibrium framework. It improved previous models in the growth-equilibrium tradition by explicitly modeling local government and regional income in the growth process. It also explicitly modeled gross...
Persistent link: https://www.econbiz.de/10010929280
A spatial simultaneous-equations growth equilibrium model estimated by GS2SLS and GS3SLS estimators is used to determine the interdependence between small business growth and poverty. The parameter estimates are mostly consistent with the theoretical expectations. The coefficients for the...
Persistent link: https://www.econbiz.de/10010929297
In this paper we develop a spatial panel simultaneous-equations model of business growth, migration behavior, local public services and median household income in a partial lag-adjustment growth-equilibrium framework and utilizing a one-way error component model for the disturbances. This model...
Persistent link: https://www.econbiz.de/10010929307
When job prospects are uncertain, labor market size matters even when labor and jobs, respectively, are homogenous. The expected unemployment duration and its standard deviation may then differ systematically with labor market size.
Persistent link: https://www.econbiz.de/10010929311
A multivariate spatial autoregressive model of local public expenditure determination with autoregressive disturbance is developed and estimated in this paper. The empirical model is developed on the principles of utility maximization of a strictly quasi concave community utility function. The...
Persistent link: https://www.econbiz.de/10010929319
In this paper, a spatial simultaneous equations model of business growth, migration behavior and median household income is empirically estimated. The empirical simultaneous model is developed from the equilibrium relationships among these variables where each variable is assumed to adjust to...
Persistent link: https://www.econbiz.de/10010929320
In this study, a spatial growth equilibrium model of business growth is developed and empirically estimated by Generalized Spatial Two-Stage Least Squares (GS2SLS) estimator using cross-sectional data from Appalachian States counties for 1990-2000. Beside the existence of spatial spillover...
Persistent link: https://www.econbiz.de/10010929330
Amenities are expected to impact regional economic growth by affecting growth in population, employment, income, and house values. This study assess whether the 299 counties in the Northeast (NE) region of the US can build and pursue a growth strategy that depend on their local and neighborhood...
Persistent link: https://www.econbiz.de/10010929363
Amenities are expected to impact regional economic growth by affecting growth in population, employment, income, and house values. This study assess whether the 299 counties in the Northeast (NE) region of the US can build and pursue a growth strategy that depend on their local and neighborhood...
Persistent link: https://www.econbiz.de/10010778457
In this study, a spatial growth equilibrium model of business growth is developed and empirically estimated by Generalized Spatial Two-Stage Least Squares (GS2SLS) estimator using cross-sectional data from Appalachian States counties for 1990-2000. Beside the existence of spatial spillover...
Persistent link: https://www.econbiz.de/10010779253