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A hybrid new Keynesian Phillips curve is estimated with spatial interaction effects among the dependent and the independent variables using data of 67 provinces across Turkey over the period 1987–2001. In contrast to previous studies, backward-looking behavior appears to be more or equally...
Persistent link: https://www.econbiz.de/10010845639
This paper provides a spatial-econometric analysis of the setting of property tax rates by Dutch municipalities. We find evidence of tax mimicking: a ten percent higher property tax rate in neighboring municipalities leads to a 3.5 percent higher tax rate. Mimicking is less pronounced in...
Persistent link: https://www.econbiz.de/10005711491
Persistent link: https://www.econbiz.de/10005719189
Abstract This paper places the key issues and implications of the new ‘introductory’ book on spatial econometrics by James LeSage & Kelley Pace (2009) in a broader perspective: the argument in favour of the spatial Durbin model, the use of indirect effects as a more valid basis for testing...
Persistent link: https://www.econbiz.de/10008503050
Persistent link: https://www.econbiz.de/10005680782