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recently by the theoretical and empirical literature. Moreover the intensity of knowledge externalities in generating … output to R&D employment is around 1, while knowledge externalities exist, are geographically localized in an area of 200 kms … and are significant. Nevertheless these externalities are not strong enough to generate sustained growth, and therefore …
Persistent link: https://www.econbiz.de/10013321122
agents across the different alternatives. We analyze the case of linear positive externalities. Assuming a simple Markovian …
Persistent link: https://www.econbiz.de/10010230407
Contemporary European urban planning policies aim to mix land uses in compact neighbourhoods. It is presumed that mixing land uses yields socio-economic benefits and therefore has a positive effect on housing values. In this paper, we investigate the impact of mixed land use on housing values...
Persistent link: https://www.econbiz.de/10011382068
internalise less the environmental externalities. This evidence calls for a reflection on the role of planning policies and the …
Persistent link: https://www.econbiz.de/10011599265
This paper aims to quantify the municipal tax revenue effects of built-up area increases. The assumed existence of these effects is one of the key reasons for ongoing land consumption on the side of the municipalities. Some previous case studies however suggested that these effects might be not...
Persistent link: https://www.econbiz.de/10011763974
We document large and persistent differences in the acquisitiveness of firms in the U.S. based on the location of their headquarters. We hypothesize and find evidence that local peer effects in M&A activity contribute to such persistence. Specifically, the acquisitiveness of non-dominant...
Persistent link: https://www.econbiz.de/10012859180
The use of Markov processes (or Markov chains) has become widespread in dynamic stochastic modeling. For example, its use is ubiquitous in macroeconomics (dynamic stochastic general equilibrium), finance (dynamic asset pricing), and areas of microeconomics (dynamic programming). As we discuss...
Persistent link: https://www.econbiz.de/10013123710
internalise less the environmental externalities. This evidence calls for a reflection on the role of planning policies and the …
Persistent link: https://www.econbiz.de/10012963944
Recent empirical evidence has shown that firm’s innovation behavior exhibits high persistency but not much is known about potential contingencies affecting the degree of persistence. This paper focuses on the role of the local knowledge environment and asks how local knowledge spillovers...
Persistent link: https://www.econbiz.de/10012167049
Contemporary European urban planning policies aim to mix land uses in compact neighbourhoods. It is presumed that mixing land uses yields socio-economic benefits and therefore has a positive effect on housing values. In this paper, we investigate the impact of mixed land use on housing values...
Persistent link: https://www.econbiz.de/10013136819