475 research outputs found
On the road to prosperity? The economic geography of China's national expressway network
Over the past two decades, China has embarked on an ambitious program of expressway network expansion. By facilitating market integration, this program aims both to promote efficiency at the national level and to contribute to the catch-up of lagging inland regions with prosperous Eastern ones. This paper evaluates the aggregate and spatial economic impacts of China's newly constructed National Expressway Network, focussing, in particular, on its short-run impacts. To achieve this aim, the authors adopt a counterfactual approach based on the estimation and simulation of a structural "new economic geography" model. Overall, they find that aggregate Chinese real income was approximately 6 percent higher than it would have been in 2007 had the expressway network not been built. Although there is considerable heterogeneity in the results, the authors do not find evidence of a significant reduction in disparities across prefectural level regions or of a reduction in urban-rural disparities. If anything, the expressway network appears to have reinforced existing patterns of spatial inequality, although, over time, these will likely be reduced by enhanced migration
US Metropolitan Area Resilience: Insights from dynamic spatial panel estimation
In this paper, we show that the economic crisis commencing in 2007 had different impacts across US Metropolitan Statistical Areas, and seek to understand why differences occurred. The hypothesis of interest is that differences in industrial structure are a cause of variations in response to the crisis. Our approach uses a state-of-the art dynamic spatial panel model to obtain counterfactual predictions of Metropolitan Statistical Area employment levels from 2008 to 2014. The counterfactual employment series are compared with actual employment paths in order to obtain Metropolitan Statistical Area-specific measures of crisis impact, which then are analysed with a view to testing the hypothesis that resilience to the crisis was dependent on Metropolitan Statistical Area industrial structure. </jats:p
A multidimensional spatial lag panel data model with spatial moving average nested random effects errors
This paper focuses on a three-dimensional model that combines two different
types of spatial interaction effects, i.e. endogenous interaction effects via a spatial
lag on the dependent variable and interaction effects among the disturbances via a
spatial moving average (SMA) nested random effects errors. A three-stage procedure
is proposed to estimate the parameters. In a first stage, the spatial lag panel data model
is estimated using an instrumental variable (IV) estimator. In a second stage, a generalized
moments (GM) approach is developed to estimate the SMA parameter and the
variance components of the disturbance process using IV residuals from the first stage.
In a third stage, to purge the equation of the specific structure of the disturbances a
Cochrane–Orcutt-type transformation is applied combined with the IV principle. This
leads to the GM spatial IV estimator and the regression parameter estimates. Monte
Carlo simulations show that our estimators are not very different in terms of root mean
square error from those produced by maximum likelihood. The approach is applied to
European Union regional employment data for regions nested within countries
Recommended from our members
A time-space dynamic panel data model with spatial moving average errors
This paper focuses on the estimation and predictive performance of several estimators for the time-space dynamic panel data model with Spatial Moving Average Random Effects (SMA-RE) structure of the disturbances. A dynamic spatial Generalized Moments (GM) estimator is proposed which combines the approaches proposed by Baltagi, Fingleton and Pirotte (2014) and Fingleton (2008). The main idea is to mix non-spatial and spatial instruments to obtain consistent estimates of
the parameters. Then, a forecasting approach is proposed and a linear predictor is derived. Using Monte Carlo simulations, we compare the short-run and long-run e¤ects and evaluate the predictive effficiencies of optimal and various suboptimal predictors using the Root Mean Square Error (RMSE) criterion. Last, our approach is illustrated by an application in geographical economics which studies the employment levels across 255 NUTS regions of the EU over the period 2001-2012, with the last two years reserved for prediction
Multilevel Modelling with Spatial Effects
In multilevel modelling, interest in modeling the nested structure of hierarchical data has been accompanied by increasing attention to different forms of spatial interactions across different levels of the hierarchy. Neglecting such interactions is likely to create problems of inference, which typically assumes independence. In this paper we review approaches to multilevel modelling with spatial effects, and attempt to connect the two literatures, discussing the advantages and limitations of various approaches
Estimating the local employment impacts of immigration : a dynamic spatial panel model
This paper highlights a number of important gaps in the UK evidence base on the employment impacts of immigration, namely: (i) the lack of research on the local impacts of immigration - existing studies only estimate the impact for the country as a whole; (ii) the absence of long term estimates –research has focussed on relatively short time spans – there are no estimates of the impact over several decades, for example; (iii) the tendency to ignore spatial dependence of employment which can bias the results and distort inference - there are no robust spatial econometric estimates we are aware of. We aim to address these shortcomings by creating a unique dataset of linked Census geographies spanning 5 Censuses since 1971. These yield a large enough sample to estimate the local impacts of immigration using a novel spatial panel model which controls for endogenous selection effects arising from migrants being attracted to high-employment areas. We illustrate our approach with an application to London and find that no migrant group has a statistically significant long-term negative effect on employment. EU migrants are found to have a significant positive impact. Our approach opens up a new avenue of inquiry into sub-national variations in the impacts of immigration on employment
Pleiotropic functions of the tumor- and metastasis-suppressing Matrix Metalloproteinase-8 in mammary cancer in MMTV-PyMT transgenic mice
Matrix metalloproteinase-8 (MMP-8; neutrophil collagenase) is an important regulator of innate immunity which has onco-suppressive actions in numerous tumor types
Regional Productivity Variation and the Impact of Public Capital Stock : An Analysis with Spatial Interaction, with Reference to Spain
In this paper we examine whether variations in the level of public capital across Spain‟s Provinces affected productivity levels over the period 1996-2005. The analysis is motivated by contemporary urban economics theory, involving a production function for the competitive sector of the economy („industry‟) which includes the level of composite services derived from „service‟ firms under monopolistic competition. The outcome is potentially increasing returns to scale resulting from pecuniary externalities deriving from internal increasing returns in the monopolistic competition sector. We extend the production function by also making (log) labour efficiency a function of (log) total public capital stock and (log) human capital stock, leading to a simple and empirically tractable reduced form linking productivity level to density of employment, human capital and public capital stock. The model is further extended to include technological externalities or spillovers across provinces. Using panel data methodology, we find significant elasticities for total capital stock and for human capital stock, and a significant impact for employment density. The finding that the effect of public capital is significantly different from zero, indicating that it has a direct effect even after controlling for employment density, is contrary to some of the earlier research findings which leave the question of the impact of public capital unresolved
- …