Empirical Modelling in Regional Science: Towards a Global by Timo Mitze

By Timo Mitze

Economic brokers have interaction in structural relationships via time and house. This paintings begins from the empirical statement that each one 3 dimensions, specifically time, area, and structural useful types, are very important for an integrative framework of contemporary empirical research in nearby technological know-how. The paintings therefore goals at combining updated econometric instruments from the fields of spatial econometrics, panel time-series research and structural simultaneous equation modelling to research the several study questions to hand. many of the subject matters dealt inside of this paintings begin from a concrete empirical challenge, whereas challenge fixing additionally goals at producing a few new wisdom in a methodological means, e.g. via the complementary use of Monte Carlo simulation experiences to check the empirical functionality of alternative estimators for particular information samples. Following a primary introductory bankruptcy, the paintings is established in 3 elements addressing significant matters in increase a stylized neighborhood fiscal version reminiscent of interregional migration, issue and ultimate call for estimation. All empirical functions use German local data.

Show description

Read or Download Empirical Modelling in Regional Science: Towards a Global Time‒Space‒Structural Analysis PDF

Best urban & regional books

Transport Developments and Innovations in an Evolving World

Advances in Spatial ScienceThis sequence of books is devoted to reporting on fresh advances in spatial technological know-how. It comprises clinical experiences concentrating on spatial phenomena, employing theoretical frameworks, analytical equipment, and empirical tactics in particular designed for spatial research. The sequence brings jointly leading edge spatial examine utilizing suggestions, views, and strategies with a relevance to either uncomplicated technological know-how and coverage making.

Advanced Cultural Districts: Innovative Approaches to Organizational Design

Complicated Cultural Districts explores the organisational layout matters in the cultural historical past region, with specific concentrate on the complex different types of cultural districts for neighborhood socio-economic improvement.

Spatial Econometric Interaction Modelling

This contributed quantity applies spatial and space-time econometric how you can spatial interplay modeling. the 1st a part of the e-book addresses common state of the art methodological questions in spatial econometric interplay modeling, which drawback features equivalent to coefficient interpretation, restricted estimation, and scale results.

Cracking the Carbon Code: The Key to Sustainable Profits in the New Economy

Holds serious info that's wanted via somebody who desires to know the way to generate income from 'green' expertise and the way to prevent investments that may quickly be afflicted by hidden carbon liabilities. Readers will learn how to de-code an important part of this new fiscal driving force - carbon credit, the world's first universal foreign money.

Additional info for Empirical Modelling in Regional Science: Towards a Global Time‒Space‒Structural Analysis

Sample text

If we look at the impulse–response functions of the remaining variables of the system subject to a one standard deviation shock in net in-migration, we get a similar picture: For the unemployment rates and real wages Fig. 4 shows the equilibrating effect of a positive shock in the in-migration rate: Regional differences in the unemployment rate increase in response to an inflow of migrants, while regional wage rate differentials are reduced (though smaller in magnitude). Responses of labor productivity and labor participation with respect to migration are positive but rather marginal, while the impact on human capital shows indeed some indication for regional ‘brain drain’ effects given that net out-migration negatively affects the regional skill composition (and vice versa).

For the recursive estimation experiment, we plot the time evolution of two dummy coefficients together with their respective t-values and the 10 percent critical t-value. For the East dummy in Fig. 6, we see that the coefficient is statistically significant and positive only up to 1997, 42 2 Panel VAR for Internal Migration Modelling Fig. 6 Time evolution of the East German dummy in the augmented PVAR(1) Fig. 7 Time evolution of the East–West border dummy in the augmented PVAR(1) while it becomes insignificant or even turns significantly negative for subsequent periods.

1991) propose to test the latter effect by the inclusion of (macro-)regional dummy variables in the empirical model. For the long run net migration equation, amenity-rich regions then should have dummy coefficients greater than zero (and vice versa), indicating that amenity-rich regions exhibit higher than average in-migration rates as we would expected after controlling for regional labor market and macroeconomic differences. To test the above hypothesis, we thus augment the PVAR(1) by a dummy variable (for each equation) capturing inter-regional migration flows for the East German macro region.

Download PDF sample

Rated 4.64 of 5 – based on 27 votes