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This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...
Persistent link: https://www.econbiz.de/10010297678
. The most salient difficulties relate to the multidimensionality and dynamics on both levels. Confronted to these …
Persistent link: https://www.econbiz.de/10010307923
The agriculture is an important resource for South West Oltenia, with over 1 million hectares used for the cultivation of cereals (mainly maize and wheat), oil plants (especially sunflower), vegetables (tomatoes, cabbage, onions) and fruits (apples, watermelons, melons, grapes), potatoes, sugar...
Persistent link: https://www.econbiz.de/10011288326
This paper investigates the effects of economic policy on regional specialization of China¡¯s high-tech industries for the period 1996 to 2005. Results indicate that the average level of regional specialization increases over years. Moreover, high-tech industry sector is highly localized in...
Persistent link: https://www.econbiz.de/10011336244
This study explores the dynamics of urban sprawl through the application of DYNAMA, a Cellular Automata (CA) based … and on the exploration of future development scenarios. The calibration of the model is based on an automatic calibration …
Persistent link: https://www.econbiz.de/10011397347
This paper presents a new framework for modeling the fine microstructure of knowledge creation dynamics. Our focus is … or a group of them, based on the current stock of knowledge? What roles do dynamics, heterogeneity of ideas … paper, we report further advances on modeling the fine microstructure of knowledge creation dynamics. …
Persistent link: https://www.econbiz.de/10011399961
To extend existing population growth models, this article proposes a theoretical setting including spatial interaction effects. Using data pertaining to 3659 Brazilian Minimum Comparable Areas (MCA) over the period 1970-2010, this extension is tested by estimating a dynamic spatial panel model....
Persistent link: https://www.econbiz.de/10011400325
This paper studies the optimal mechanism for a seller (she) that sells, in a sequence of periods, an indivisible object per period to the same buyer (he). Buyer's willingness to pay remains constant along time and is his private information. The seller can commit to the current period mechanism...
Persistent link: https://www.econbiz.de/10011420619
This paper studies the optimal mechanisms for a seller with imperfect commitment who puts up for sale one individual unit per period to a single buyer in a dynamic game. The buyer's willingness to pay remains constant over time and is his private information. In this setting, the seller cannot...
Persistent link: https://www.econbiz.de/10011420631
This paper extends the existing literature on strategic R&D alliances by presenting a model of innovation networks with endogenous absorptive capacity. The networks emerge as a result of bilateral cooperation over time between firms occupying different locations in the knowledge space. Social...
Persistent link: https://www.econbiz.de/10010323898