Showing 1 - 10 of 121
<title>Abstract</title> Spatial impulses are derived for SAR models containing a spatial unit root. Analytical solutions are obtained for lateral space where the number of spatial units tends to infinity. Numerical solutions are obtained for finite regular lattices where edge-effects are shown to influence...
Persistent link: https://www.econbiz.de/10011134011
Persistent link: https://www.econbiz.de/10009404446
Persistent link: https://www.econbiz.de/10008596902
Most models of regional agglomeration are based on the new economic geography (NEG) model in which returns to scale are pecuniary. We investigate the implications for regional agglomeration of a 'Marshallian' model in which returns to scale derive from technological externalities. Workers are...
Persistent link: https://www.econbiz.de/10008473175
Abstract A spatial vector autoregressive model (SpVAR) is defined as a VAR which includes spatial as well as temporal lags among a vector of stationary state variables. SpVARs may contain disturbances that are spatially as well as temporally correlated. Although the structural parameters are not...
Persistent link: https://www.econbiz.de/10005495714
The literature on regional growth convergence and economic disparities has tended to confound four interwoven measurement phenomena: 1) mean reversion (so-called beta convergence)—richer regions move towards the average from above and poorer regions from below; 2) diminishing inequality...
Persistent link: https://www.econbiz.de/10010774998
Beenstock M. and Felsenstein D. Regional heterogeneity, conditional convergence and regional inequality, Regional Studies. The paper stresses the importance of accounting for regional heterogeneity in the dynamic analysis of regional economic disparities. Studies of regional growth mainly...
Persistent link: https://www.econbiz.de/10008603691
This paper looks at the determinants of regional housing construction using Israeli panel data. We propose a simple model of regional housing markets in which people prefer to live where housing is cheaper and building contractors prefer to build in regions where housing is more expensive. We...
Persistent link: https://www.econbiz.de/10011131977
The literature on regional growth convergence and economic disparities has tended to confound four interwoven measurement phenomena. i) mean reversion (so-called beta convergence) where richer regions move towards the average from above and poorer regions from below. ii) diminishing inequality...
Persistent link: https://www.econbiz.de/10005224987
This paper stresses the importance of accounting for regional heterogenity in the dynamic analysis of regional economic disparities. Studies of regional growth invariably presume regions are homogenous in that their socio-demographic composition is assumed to be broadly similar. We argue that...
Persistent link: https://www.econbiz.de/10005817261