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In this paper we present a spatial nonparametric analysis of local multipliers. Following Moretti (2010), we estimate the effect of an exogenous shock in the employment of the tradable sector on the employment in either the nontradable sector or the rest of the tradable sector using a...
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This paper takes a fresh look at the estimation of economic base multipliers. It uses recent developments in both nonstationary and nonlinear inference to consider issues surrounding the derivation of such multipliers for Northern Ireland. It highlights the problem of distinguishing between...
Persistent link: https://www.econbiz.de/10012726109
That of the multiplier is a largely debated issue. Several studies propose estimates for it. This paper answers the … question of how inequality affects the value of the multiplier. The proposed formulation is analytically derived from the … Lorenz curve of income by means of Zanardi asymmetry index. Since the relationship between inequality and multiplier is found …
Persistent link: https://www.econbiz.de/10012994328
A law issued to allocate reconstruction grants following the 2009 "Aquilano" earthquake has resulted in a large and unanticipated discontinuity across municipalities with comparable damages. Using diff-in-diff analysis we estimate the "local spending" and the "local tax" multipliers -- according...
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Recently, Oosterhaven and Stelder (OS, 2002) have introduced the operational idea of a 'compensated net multiplier … Leontief model is used to evaluate operationally the impact of large investments. Each output gross multiplier is compensated … effect (the total output), so that it cannot be a multiplier. The paper explores all the other possibilities for deriving CNM …
Persistent link: https://www.econbiz.de/10014052049