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In this paper we develop an analytically solvable and structurally estimable economic geography model and apply it to predict migration flows for the period following the CEE’s integration with the EU. The main innovation of our approach is that it endogenises both explanatory variables and...
Persistent link: https://www.econbiz.de/10011513081
The completion of transportation infrastructure frequently takes many years and occurs gradually. How does the gradual construction of transportation infrastructure affect the distribution of economic activity across the sites it serves? I examine the long-run effects of the timing of railroad...
Persistent link: https://www.econbiz.de/10013251883
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population distribution. I also find that there is more agglomeration in economies with a larger variety of goods, that being … land-tied reduces agglomeration, and that being land-tied magnifies the effect of variety …
Persistent link: https://www.econbiz.de/10012851030
upon the firms' risk preferences. As a result regional agglomeration of investments may occur although the objective of the … ; regional policy ; agglomeration ; two-moment decision model …
Persistent link: https://www.econbiz.de/10009512741
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The extent and direction of causation between micro volatility and business cycles are debated. We examine, empirically and theoretically, the source and effects of fluctuations in the dispersion of producer-level sales and production over the business cycle. On the theoretical side, we study...
Persistent link: https://www.econbiz.de/10013044944
We study the location of more than 1,000 research and development (R&D) labs located in the Northeast corridor of the U.S. Using a variety of spatial econometric techniques, we find that these labs are substantially more concentrated in space than the underlying distribution of manufacturing...
Persistent link: https://www.econbiz.de/10013036470
Growth rate data that are collected incompletely in cross-sections is a quite frequent problem. Chow and Lin (1971) have developed a method for predicting unobserved disaggregated time series and we propose an extension of the procedure for completing cross-sectional growth rates similar to the...
Persistent link: https://www.econbiz.de/10009744107