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The focus in this article is on knowledge spillovers between high-technology firms in Europe, as captured by patent citations. The European coverage is given by patent applications at the European Patent Office that are assigned to high technology firms located in the EU-25 member states (except...
Persistent link: https://www.econbiz.de/10014205705
This paper exposes problems of the commonly used technique of splitting the available data in neural spatial interaction modelling into training, validation, and test sets that are held fixed and warns about drawing too strong conclusions from such static splits. Using a bootstrapping procedure,...
Persistent link: https://www.econbiz.de/10014205706
This paper attempts to develop a mathematically rigid and unified framework for neural spatial interaction modeling. Families of classical neural network models, but also less classical ones such as product unit neural network ones are considered for the cases of unconstrained and singly...
Persistent link: https://www.econbiz.de/10014205710
In this paper we view learning as an unconstrained non-linear minimization problem in which the objective function is defined by the negative log-likelihood function and the search space by the parameter space of an origin constrained product unit neural spatial interaction model. We consider...
Persistent link: https://www.econbiz.de/10014205711
The paper is concerned with the impact of market research prior to integration, on the structures of noncompetitive industries in integrated economy. The analysis focuses on separated, single commodity, monopolistic markets with stochastic demand. Monopolistic firms are considered in dynamic...
Persistent link: https://www.econbiz.de/10014206212
This paper uses data for 255 NUTS-2 European regions over the period 1995-2003 to test the relative explanatory performance of two important rival theories seeking to explain variations in the level of economic development across regions, namely the neoclassical model originating from the work...
Persistent link: https://www.econbiz.de/10014219429
This paper considers the most important aspects of model uncertainty for spatial regression models, namely the appropriate spatial weight matrix to be employed and the appropriate explanatory variables. We focus on the spatial Durbin model (SDM) specification in this study that nests most models...
Persistent link: https://www.econbiz.de/10014137087
In this paper, a Poisson gravity model is introduced that incorporates spatial dependence of the explained variable without relying on restrictive distributional assumptions of the underlying data generating process. The model comprises a spatially filtered component including the origin,...
Persistent link: https://www.econbiz.de/10014137088
The Poisson gravity model along with pseudo ML methods has become a popular way to model international trade flows. This approach has several econometric advantages that we outline in the paper. We argue that estimating the parameters by ML would only be justified statistically if the trade...
Persistent link: https://www.econbiz.de/10014137090
In this paper we present a formal analysis that incorporates returns to transportation into a Ricardian framework to predict trade patterns. The important point gained from this analysis is that increasing returns to transportation, coupled with appropriate distances between trading partners,...
Persistent link: https://www.econbiz.de/10014146740