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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
Persistent link: https://www.econbiz.de/10003322154
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
Flow data across regions can be modeled by spatial econometric models, see LeSage and Pace (2009). Recently, regional studies became interested in the aggregation and disaggregation of flow models, because trade data cannot be obtained at a disaggregated level but data are published on an...
Persistent link: https://www.econbiz.de/10009733811
Persistent link: https://www.econbiz.de/10013379742
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
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
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/10009731953
We present an analysis of interregional consumption risk sharing in Russia between 1999 and 2009 using novel estimation methods. In addition to standard fixed effects panel estimations, we use system and difference GMM estimators to reflect time dynamic properties and possible endogeneity...
Persistent link: https://www.econbiz.de/10011875401