Showing 1 - 10 of 12,512
In this paper we determine the effect of transport cost on commuting flows, on the basis of an analysis of home … of commuting reaches a value of –4 for distances around 24 km, while it is close to 0 for both very short and very long … predictions concerning the effect of infrastructure improvements on commuting flows. …
Persistent link: https://www.econbiz.de/10010325561
will be illustrated with real-world applications on German commuting data. Also presented is a possible way of computation …
Persistent link: https://www.econbiz.de/10010308289
This paper is concerned with the cost-effective allocation of habitat for endangered species under spatio-temporally heterogeneous economic development. To address the dynamic dimension of the problem we consider tradable development rights (TDR) as the instrument of choice. A particular...
Persistent link: https://www.econbiz.de/10010304549
People spend a lot of time commuting and often find it a burden. According to economics, the burden of commuting is … direct test of this strong notion of equilibrium, we find that people with longer commuting time report systematically lower … this ?commuting paradox?. …
Persistent link: https://www.econbiz.de/10010262027
theory is kept general to cover a wide range of settings. We note the estimation theory developed by Kelejian and Prucha …
Persistent link: https://www.econbiz.de/10010264476
In this paper we specify a linear Cliff and Ord-type spatial model. The model allows for spatial lags in the dependent variable, the exogenous variables, and disturbances. The innovations in the disturbance process are assumed to be heteroskedastic with an unknown form. We formulate a multi-step...
Persistent link: https://www.econbiz.de/10010264508
Starting from an information process governed by a geometric Brownian motion we show that asset returns are predictable if the elasticity of the pricing kernel is not constant. Declining [Increasing] elasticity of the pricing kernel leads to mean reversion and negatively autocorrelated asset...
Persistent link: https://www.econbiz.de/10010297953
We consider the finite sample power of various tests against serial correlation in the disturbances of a linear regression when these disturbances follow a stationary long memory process. It emerges that the power depends on the form of the regressor matrix and that, for the Durbin-Watson test...
Persistent link: https://www.econbiz.de/10010306236
tightly linked by migration, commuting and interregional trade. These types of spatial interaction are exposed to frictional … unemployment is analysed for a sample of European countries between 1986 and 1998 by measures of spatial autocorrelation and … Autokorrelation und Methoden der räumlichen Ökonometrie angewendet. Die Ergebnisse weisen auf erhebliche räumliche Abhängigkeiten …
Persistent link: https://www.econbiz.de/10010295334
Since the beginning of the 1990s, the issue of income convergence has received considerable attention in economic research. Although a vast number of empirical studies has emerged, evidence on the role of spatial interaction is still rather scarce. The present paper is an attempt to provide...
Persistent link: https://www.econbiz.de/10010295602