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  • Articles  (11,169)
  • Springer  (10,991)
  • Blackwell Publishers Inc  (178)
  • American Geophysical Union (AGU)
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  • Economics  (11,169)
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  • Articles  (11,169)
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  • 1
    Electronic Resource
    Electronic Resource
    The Effect of Public Infrastructure on the Private Productive Sector of Spanish Regions (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
    Details
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: In this paper we analyze the effect of infrastructure on the cost and productivity performance of the private productive sector of Spanish regions over the period 1980–1993. We use a dual approach based on cost functions that allows us to recover the usual parameters estimated with production functions. In addition, we obtain rates of return and cost elasticities of production factors at the regional level. Our framework explicitly considers that some factors are quasi-fixed and their volume can differ from their optimal endowment levels. Our results indicate that the public sector has contributed significantly to enhance productivity and reduce costs in the private sector of almost every Spanish region. Nevertheless, there is still scope for the government to continue its investment efforts, given that there remains an appreciable gap between observed and optimal public capital, and we find that in the long run, public capital promotes private investment.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9787.00260
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  • 2
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    Geographic and Network Neighbors: Spillover Effects of Telecommunications Infrastructure (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
    Details
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: This paper tests for spatial spillover effects of state-level telecommunications infrastructure investment on state output, using panel data for 48 U.S. states from 1970 through 1997. As information and communication technologies support more industrial locational freedom, states may use telecommunications infrastructure investment as a competitive tool for attracting factors of production. In a production-function framework, this effect would manifest itself as a negative output spillover effect from telecommunications infrastructure investment. Findings indicate that a state benefits from its own telecommunications infrastructure, but telecommunications investment by other states has a negative impact on its output growth path, and proximity amplifies this negative spillover effect.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9787.00262
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  • 3
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    Book Reviews (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
    Details
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Books reviewed:A. Stewart Fotheringham and Michael Wegener (eds.), Spatial Models and GIS: New Potential and New ModelsAura Reggiani (ed.), Spatial Economic Science: New Frontiers in Theory and MethodologyJean-Claude Thill (ed.), Geographic Information Systems in Transportation ResearchBarbara Dluhosch, Industrial Location and Economic Integration: Centrifugal and Centripetal Forces in the New EuropeJean-Marie Huriot and Jacques-François Thisse, Economics of Cities: Theoretical PerspectivesManfred M. Fischer and Yee Leung (eds.), GeoComputational Modelling: Techniques and ApplicationsEduardo A. Haddad, Regional Inequality and Structural Changes: Lessons from the Brazilian ExperienceManfred M. Fischer, Luis Suarez-Villa, and Michael Steiner (eds.), Innovation, Networks and LocalitiesMarjolein C.J. Caniëls, Knowledge Spillovers and Economic Growth: Regional Growth Differentials across EuropeMartin van der Velde and Henk van Houtum (eds.), Borders, Regions, and PeoplePeter W. J. Batey and Peter Friedrich (eds.), Regional CompetitionJohn E. Anderson and Robert W. Wassmer, Bidding for Business: The Efficacy of Local Economic Development Incentives in a Metropolitan AreaPhilip Hanson and Michael Bradshaw (eds.), Regional Economic Change in RussiaGred Hise and William Deverell, Eden by Design: The 1930 Olmsted-Bartholomew Plan for the Los Angeles Region
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9787.00265
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  • 4
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    Environmental Compliance Costs and the Distribution of Emissions in the U.S. (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
    Details
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Using the properties of the Gini coefficient, a structural model is developed to assess the impact of uniform changes in environmental compliance costs on the distribution of per capita emissions across U.S. counties and states, a distribution that places a larger burden on minorities. Using data from the U.S. EPA’s Toxic Release Inventory and three state-specific measures of environmental compliance costs, we find that uniform increases in federal environmental standards have little impact on the distribution of environmental hazards, and may actually exacerbate spatial inequality. As a result, Federal standards that target specific high pollution locations are necessary to redress current inequities.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9787.00251
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  • 5
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    A Threshold-Satisfying Competitive Location Model (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: In this paper we consider a location model based on the threshold concept. We find the best location such that the probability of revenue falling short of the threshold is minimized. This objective is appropriate when a firm will not survive if its revenue falls below a known threshold. A new store is to be located. Demand is not deterministic but rather has a statistical distribution. We seek the location at which the probability that the revenue (expressed as market share attracted by the new store) is below a given threshold is minimized. The model is formulated and solved, and computational results are given.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9787.00259
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  • 6
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    An Economic Analysis of Biproportional Properties in an Input-Output System (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Various methods, such as biproportional adjustment and econometric estimating have been used to generate time series for input-output tables. In this paper, temporal changes of input-output coefficients are examined in order to analyze their behavior. Within the Chicago Region Econometric Input-Output Model, a set of input- output relationships has been extracted analytically for the period 1980–1997. Using the empirical evidence for Chicago, this paper conducts econometric time series analysis to determine whether or not certain coefficients or sets of coefficients exhibit tendencies toward stability or predictable change or whether others require more extensive econometric estimation.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9787.00263
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  • 7
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    Books Received (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
    Details
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9787.00266
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  • 8
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    Environmental Regulations and New Plant Location Decisions: Evidence from a Meta-Analysis (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Stricter environmental regulations are often opposed on the grounds that they will alter equilibrium capital flows. Empirical evidence in this area remains largely unresolved, mainly due to the quite disparate results found in the literature. This paper takes a positive look at the relationship between new manufacturing plant location decisions and environmental regulations by examining data from 11 studies that provide more than 365 observations. One major result from our meta-analysis is that methodological considerations play a critical role in shaping the body of received estimates. Our empirical estimates also lend insights into future research that is necessary before any robust conclusions can be made regarding the effects of environmental regulations on capital flows.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9787.00248
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  • 9
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    Towards a Better System for Immigration Control (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: We study different methods of immigration control using a simple model of a congested world. Our main comparison involves quotas, the predominant instrument of immigration control, and a proposed system of immigration tolls and emigration subsidies. We show that the equilibrium of the proposed system is Pareto superior to the quota system. This is consistent with the tolls and subsidies creating a market for international migrants. When countries are price-takers the market becomes perfect and the exploitation of gains from trade complete. From a normative perspective, an open- borders policy is preferred to both control methods but will meet political opposition because it hurts the residents of the rich country.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9787.00249
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  • 10
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    The District and the Global Economy: Exportation Versus Foreign Location (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: We depict an industrial district as a center of innovation where positive local spillovers sustain the endogenous invention of new goods by profit-seeking firms. After invention, firms face a crucial choice between reaching distant markets by export or plant delocation. Attempts by firms to circumvent trade barriers through delocation slow down the pace of innovation and harm the welfare of the district.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9787.00252
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  • 11
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    Book Received (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
    Details
    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9787.00256
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  • 12
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    Sectoral Sources of the Massachusetts Miracle and Other Turning Points (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Previous analyses of the Massachusetts Miracle and the subsequent evolution of employment in the area have centered in part on sectoral explanations. In this paper these explanations are evaluated with the use of a sectoral-based VAR model of the Boston economy, developed to identify local and national sectoral shocks. The relative importance of these shocks is estimated both for the overall sample and at several turning points in aggregate Boston employment, the latter using historical decompostions.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00235
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  • 13
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    On the Rank-Size Distribution for Human Settlements (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: An explanation for the rank-size distribution for human settlements based on simple stochastic models of settlement formation and growth is presented. Not only does the analysis of the model explain the rank-size phenomenon in the upper tail, it also predicts a reverse rank-size phenomenon in the lower tail. Furthermore it yields a parametric form (the double Pareto-lognormal distribution) for the complete distribution of settlement sizes. Settlement-size data for four regions (two in Spain and two in the U.S.) are used as examples. For these regions the lower tail rank-size property is seen to hold and the double Pareto-lognormal distribution shown to provide an excellent fit, lending support to the model and to the explanation for the rank-size law.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9787.00247
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  • 14
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    A Note on the Geographic Interdependencies of Retail Market Areas (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Central place theory describes an orderly hierarchy of places, with particular retail services developing for lower-ordered places as they reach a threshold. Yet it is likely that nearby areas could serve simultaneously as a source of demand and a source of competing supply for retail stores in a place. This paper contributes to the understanding of local economic development by modeling and estimating the geographic interdependence between a place and its neighboring areas. The simultaneous equation Tobit results suggest that such geographical interdependence exists for most retail industries, with spatial competition on the supply side being particularly important.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9787.00250
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  • 15
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    A Methodology for Estimating Returns to Skills for Canadian Provinces and U.S. States (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Differences in both regional skill prices and skill mix can explain interregional variations in wage distributions. We control for interregional differences in skill mix that permit us to compute key parameters of regional wage distributions including regional returns to skills. In addition to setting forth the methods in detail, we also present estimates for 48 U.S. states and 10 Canadian provinces. For both males and females, we find that regional mean wages (with controls for skills mix) in the U.S. and Canada are similar, but that the returns to skills are systematically higher in the U.S.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9787.00253
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  • 16
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    Equity in Regional Service Provision (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Most transportation agencies stipulate that an important planning goal is to provide equitable and just public transport services. However, who is to be served and the type of service that should be provided has been ambiguous. This paper develops a methodology for examining equity in the provision of public transportation services. An approach for identifying areas in need of public transport is developed based upon the use of socio-demographic and economic information. Public transport need is then related to levels of access to service. This approach makes it possible to establish the degree to which public transport services may be considered equitable in relation to need and suitable access. A detailed analysis of the southeast Queensland region of Australia illustrates how this approach may be used to inform public transport decision making.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00233
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  • 17
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    Book Reviews (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Paul C. Cheshire and Edwin S. Mills (eds.), Handbook of Regional and Urban Economics, Vol. 3: Applied Urban EconomicsDonald G. Janelle and David C. Hodge (eds.), Information, Place, and Cyberspace: Issues in AccessibilityCarey McWilliams, California: The Great ExceptionOffice of the Philadelphia City Controller, Philadelphia: A New Urban DirectionJan van der Linden, Interdependence and Specialisation in the European Union: Intercountry Input-Output Analysis and Economic IntegrationWolfgang Weidlich and Günter Haag (eds.), An Integrated Model of Transport and Urban Evolution, With an Application to a Metropole of an Emerging NationRongxing Guo, How the Chinese Economy Works: A Multiregional OverviewHan Meyer, City and Port: Transformation of Port Cities: London, Barcelona, New York, RotterdamFrans Boekema, Kevin Morgan, Silvia Bakkers, and Roel Rutten (eds.), Knowledge, Innovation and Economic Growth: The Theory and Practice of Learning RegionsDavid Keeble and Frank Wilkinson (eds.), High-Technology Clusters, Networking, and Collective Learning in EuropeStephen Castles and Mark J. Miller, The Age of Migration, International Population Movements in the Modern WorldKavita Pandit and Suzanne Davies Withers, (eds.), Migration and Restructuring in the United States: A Geographical PerspectiveMark Casson and Andrew Godley (eds.), Cultural Factors in Economic GrowthJacob B. Polak and Arnold Heertje (eds.), Analytical Transport Economics: An International PerspectiveRobert Lewis, Manufacturing Montreal: The Making of an Industrial Landscape, 1850–1930Edgar W. Butler, James B. Pick, and W. James Hettrick, Mexico and Mexico City in the World EconomyDavid Meyer, Hong Kong as a Global MetropolisEdna Bonacich and Richard P. Applebaum, Behind the Label: Inequality in the Los Angeles Apparel Industry
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9787.00255
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  • 18
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    Probing a Traffic Congestion Controversy: Response to Comment (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00239
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  • 19
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    Probing A Traffic Congestion Controversy: Density and Flow Scrutinized (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Probing a die-hard traffic congestion controversy, this paper scrutinizes two key variables, density and flow, under equilibrium versus optimal states. Optimization requires equilibrium flow to decrease under mild congestion, but increase under hyper-congestion. However, both increasing flow needed under hypercongestion and decreasing flow needed under mild congestion should be accompanied by decreasing density. Thus, inflow of vehicles should always be discouraged to either increase or decrease flow of vehicles for economic efficiency. Moreover, even when optimal policy requires equilibrium flow to increase, the optimal flow itself must decrease eventually as demand increases beyond a critical level.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00237
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  • 20
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    Deriving Empirical Definitions of Spatial Labor Markets: The Roles of Competing Versus Complementary Growth (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: If economic growth elsewhere raises an individual’s earning prospects relative to his present location, then the individual will move. However, if the individual can exploit economic growth elsewhere by commuting, he will not need to move to gain from the expansion. County-level data from eight states in the Midwest over the period 1969–1994 are used to show that local county population responds positively to own-county economic growth, economic growth in the adjacent county, and economic growth two counties away. The magnitude of the effect decreases as distance from the county increases, and turns negative beyond a three county radius.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00241
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  • 21
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    Index to Volume 41 (2001) (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00246
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  • 22
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    Multi-Firm City Versus Company Town: A Micro Foundation Model of Localization Economies (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: When do we have a company town and when do we have a multi-firm city? In this paper I analyze the impact of public infrastructure investment decisions on types of cities in a decentralized urban system. This is done in a one-sector spatial general equilibrium model of a closed economy. Investment in public infrastructures reduces the fixed set up cost of all firms within the city resulting in multi-firm cities. Thus, in this approach localization economies are modelled explicitly instead of assuming that larger industrial size within the city enhances productivity. On the other hand, when the infrastructure is not provided, a company town will be formed by a developer because of the fixed cost required by each firm. The decision of whether to invest in the provision of public infrastructures depends on the type of city that will provide households with the highest utility. This paper characterizes the conditions that lead to each of the two equilibrium configurations.
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    URL: http://dx.doi.org/10.1111/0022-4146.00197
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  • 23
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    Housing Market Dynamics Under Stochastic Growth: An Application to the Housing Market in Boulder, Colorado (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Recent housing-market studies have modeled slow stock and price adjustment with some success. However, the empirical procedures used in these models break down if housing stocks or prices are driven by stochastic growth. In this paper I suggest an error-correction model for analyzing housing supply and demand under conditions of stochastic growth for a regional housing market. The model is applied to the housing market in Boulder, Colorado from 1981 through 1995—a period of rapid growth in housing values in the area. Long-run housing supply and demand are shown to be inelastic with respect to changes in the price of housing. The results indicate that developers respond more accurately to housing-market disequilibrium attributable to supply-side disturbances than to disturbances generated by changes in the demand for housing. On the other hand, price appreciation is driven primarily by demand disturbances.
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    URL: http://dx.doi.org/10.1111/0022-4146.00198
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  • 24
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    Books Received (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
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    URL: http://dx.doi.org/10.1111/0022-4146.00201
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  • 25
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    A Note on Trip Benefits in Spatial Interaction Models (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: We extend the well-known transport users' benefits measure (TUB) for the doubly-constrained spatial interaction model derived by Williams (1976). The original formula expresses the TUB as composed by two terms associated with the origin and the destination zones. First, the TUB is associated here with trips instead of zones, providing a natural interpretation as a rule-of-a-half measure of benefit under inelastic demand (for the short-run case). Second, a TUB formula for the long-run case is derived, that is, when the total number of trips, trip origins, and trip destinations change. We then propose updated measures of accessibility for location behavior.
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    URL: http://dx.doi.org/10.1111/0022-4146.00199
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  • 26
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    Call for Applications The Benjamin H. Stevens Graduate Fellowship in Regional Science (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00202
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  • 27
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    An Introduction to Spatial Discounting (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Research on the valuation of environmental externalities shows that decision makers tend to discount not only over time but across space. Just as time discounting has implications for intergenerational equity, geographical or spatial discounting has implications for intragenerational equity. Similarly, just as positive time discount rates are warranted by positive net rates of growth of the capital stock, positive spatial discount rates may be warranted by the fact that enviironmental (or other external effects of economic activity are diffused at positive rates. This paper introduces the notion of spatial discounting and explores its welfare implications through a simple diffusion model.
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    URL: http://dx.doi.org/10.1111/0022-4146.00205
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  • 28
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    A Note on Applying the Gravity Rule to the Airline Hub Problem (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: In this note we propose a new model for the airline hub selection problem. Passengers use a hub on the way to their destination. We apply the objective of minimizing the total miles traveled by passengers. This formulation can be used as the basis for other objectives also.
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    The Location Invariance Theorem in Weberian Space Under Uncertainty (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: This paper examines the validity of the location invariance theorem in Weberian space under various types of uncertainty. The main results are: Given that the firm's location is constrained to remain at a specified distance from the output market, the optimal location is invariant to any change in product demand if and only if the production function is homothetic for a firm facing demand price uncertainty, or if the production function is homothetic and both inputs are risk-neutral for a firm facing technological uncertainty. Alternatively, given that the distance from the firm's location to the output market is a variable, location invariance occurs for a firm facing demand price uncertainty if the production function is linear homogeneous. In the presence of input price uncertainty the optimal location always varies with a change in product demand. The results can include those previously obtained for linear stochastic location models as special cases and some are new contributions to the literature.
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    Equilibrium and Economic Growth: Spatial Econometric Models and Simulations (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Neoclassical theory assumes diminishing returns to capital and spatially constant exogenously-determined technological progress, although it is questionable whether these are realistic assumptions for modeling manufacturing productivity growth variations across European Union (E.U.) regions. In contrast, the model developed in this paper assumes increasing returns and spatially varying technical progress, and is linked to endogenous growth theory and particularly to ‘new economic geography’ theory. Simulations, involving 178 E.U.regions, show that productivity levels and growth rates are higher in all E.U. regions when the financially assisted (Objective 1) regions have faster output growth. This also reduces inequalities in levels of technology. Allowing the core regions to grow faster has a similar effect of raising productivity growth rates across the E.U., although inequality increases. Thus, the simulations are seen as an attempt to develop a type of ‘computable geographical equilibrium’ model which, as suggested by Fujita, Krugman, and Venables (1999), is the way theoretical economic geography needs to evolve in order to become a predictive discipline.
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    Regulatory Federalism and Environmental Protection in the United States (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: In this paper we address two aspects of regulatory federalism in U.S. environmental policy. First, we suggest that environmental quality in U.S. states responds positively to increases in income. Second, we provide evidence that environmental quality did not decline when President Reagan's policy of new federalism returned responsibility for many environmental regulations to the states. Thus, state environmental quality appears to reflect more than just the dictates of federal policy. Additionally, we find that a “race to the bottom” in environmental quality did not materialize in the 1980s.
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    The Causes of Regional Variations in U.S. Poverty: A Cross-County Analysis (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: The persistence of poverty in the modern American economy, with rates of poverty in some areas approaching those of less advanced economies, remains a central concern among policy makers. Therefore, in this study we use U.S. county-level data to explore potential explanations for the observed regional variation in the rates of poverty. The use of counties allows examination of both nonmetropolitan area and metropolitan area poverty. Factors considered include those that relate to both area economic performance and area demographic composition. Specific county economic factors examined include economic growth, industry restructuring, and labor market skills mismatches.
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    Plant Scale, Industry Agglomeration, and the Outlook for Regional Employment in Central European Economies (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: A common outcome among Central European transition economies is the significant variation in regional unemployment rates, a condition symptomatic of allocative inefficiency in the labor market. Several studies attribute such variation, at least in part, to large vertically integrated industrial complexes erected during the period of central planning, and in turn to subsequent employment adjustment that operates to the disadvantage of local workers during transition. In this study I provide a test of this hypothesis by examining the correlates of local employment change at the outset of reforms, and specifically adjustment triggered by extreme variation in local plant size and scale externalities.
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    Calculating Confidence Intervals for Regional Economic Impacts of Recreation by Bootstrapping Visitor Expenditures (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: In this paper I use bootstrap procedures to develop confidence intervals for estimates of total industrial output generated per thousand tourist visits. Mean expenditures from replicated visitor expenditure data included weights to correct for response bias. Impacts were estimated with IMPLAN. Ninety percent interval endpoints were 6 to 16 percent above or below the original sample's point estimate depending on the calculation method. Due to the linearity of input-output a shortcut method that estimates confidence interval endpoints from the distribution of mean expenditure profiles yields nearly identical results.
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    Commuting, Migration, and Rural-Urban Population Dynamics (2000)
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    Journal of regional science 40 (2000), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Over the past 25 years social scientists attempting to explain the dramatic changes in the relative distribution of urban and rural population growth have gravitated toward two competing explanations. The regional restructuring hypothesis holds that changes in the spatial distribution of employment opportunities have been dominant whereas the deconcentration hypothesis attributes these changes to changes in residential preferences of workers and consumers. We develop an empirical test of these two explanations based on whether commuting and migration are positively or negatively related after controlling for other economic factors. Our econometric results support the deconcentration hypothesis.
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    Book Reviews (2000)
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    Journal of regional science 40 (2000), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Books reviewed:Masahisa Fujita, Paul Krugman, and Anthony J. Venables, The Spatial Economy: Cities, Regions, and International TradeSusan E. Clarke and Gary L. Gaile, The Work of CitiesDeborah Wallace and Rodrick Wallace, A Plague on Your Houses: How New York Was Burned Down and National Public Health CrumbledAnna Nagurney and Stavros Siokos, Financial Networks: Statics and DynamicsPhilip McCann, The Economics of Industrial Location: A Logistics-Costs ApproachKenneth J. Button and Erik T. Verhoef (eds.), Road Pricing, Traffic Congestion and the Environment: Issues of Efficiency and Social FeasibilitySharon Cullinane and Gordon Stokes, Rural Transport PolicyRobert L. A. Morsink, Foreign Direct Investment and Corporate Networking: A Framework for Spatial Analysis of Investment ConditionsCharles K. Hyde, Copper for America: The United States Copper Industry from Colonial Times to the 1990sFue-Chen Lo and Yue-Man Yeung (eds.), Globalization and the World of Large CitiesMark Wheeler (ed.), The Economics of the Great DepressionKanwalroop Kathy Dhanda, Anna Nagurney, and Padma Ramanujam, Environmental Networks: A Framework for Economic Decision-Making and Policy AnalysisJacek Malczewski, GIS and Multicriteria Decision AnalysisPaul A. Longley, Michael F. Goodchild, David J. Maguire, and David W. Rhind (eds.), Geographic Information Systems, second edition. Vol. 1: Principles and Technical Issues; Vol. 2: Management Issues and ApplicationsJean Claude Thill (ed.), Spatial Multicriteria Decision Making and Analysis: A Geographic Information Sciences ApproachJean C. Oi, Rural China Takes Off: Institutional Foundations of Economic ReformGeorge R. Zodrow, State Sales and Income Taxes: An Economic AnalysisMargaret K. Nelson and Joan Smith, Working Hard and Making Do: Surviving in Small Town AmericaEmil E. Malizia and Edward J. Feser, Understanding Local Economic DevelopmentStephanie S. Pincetl, Transforming California: A Political History of Land Use and Development
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    Regional Competition for Mobile Oligopolistic Firms: Does Public Provision of Local Inputs Lead to Agglomeration? (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
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    Topics: Geography , Economics
    Notes: We develop a model in which two regional governments compete for two mobile oligopolistic firms. Regional governments provide local infrastructure to attract mobile firms in order to increase regional employment and income. Firms face the trade-off between better regional infrastructure and fiercer competition for local workers. Strategic interaction prevails at the regional level as well as at the firm level. We show that an equilibrium with spatial concentration of firms as well as an equilibrium with spatial diversification of firms exists. In almost all cases regional competition leads to a suboptimal provision of local infrastructure.
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    Location Determinants of New Foreign-Owned Manufacturing Plants (2000)
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    Journal of regional science 40 (2000), S. 0 
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    Topics: Geography , Economics
    Notes: In this paper we examine the county-level pattern of new foreign-owned manufacturing plants in the United States from 1989 through 1994. We construct a model to produce insights into the differences in the location of these plants among Bureau of Economic Analysis regions, as well as between rural and urban counties. Higher levels of economic size, educational attainment, the existing manufacturing base, and transportation infrastructure are found to be associated with larger numbers of new foreign-owned plants. Meanwhile, higher levels of taxes and labor-intensiveness are found to be associated with smaller numbers of new plants. Comparing regions, we find that the main advantages of the Southeast region stem from a relatively high manufacturing base and relatively low taxes. Comparing urban with rural counties, we find that urban counties possess more favorable average values for nearly all the explanatory variables.
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    Books Received (2000)
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    Analysis of Interregional Labor Migration in Spain Using Gross Flows (2000)
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    Journal of regional science 40 (2000), S. 0 
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    Topics: Geography , Economics
    Notes: In this paper we study the economic determinants of Spanish interregional labor force flows from an aggregate perspective. The study is based on a matching model of the labor market applied to migration, and uses gross rather than net flows as other studies do. Among the main results, we find that unemployment increases out-migration because unemployed people search more actively, but when the unemployment rate is above a certain level this effect is reduced. We also find that the rate of change of relative wages is a significant determinant of migration in Spain.
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    Book Reviews (2000)
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    Journal of regional science 40 (2000), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Books reviewed:Kenneth Button and Eric Pentecost, Regional Economic Performance within the European UnionTimothy P. Duane, Contesting Citizenship in China: Peasant Migrants, the State, and the Logic of the MarketTimothy P. Duane, Shaping the Sierra: Nature, Culture, and Conflict in the Changing WestDaniel A. Griffith, Carl G. Amrhein, and Jean-Marie Huirot (eds.), Economic Advances in Spatial Modelling and Methodology: Essays in Honour of Jean PaelinckJosé Manual L. Santos, The Economic Valuation of Landscape Change: Theory and Policies for Land Use and ConservationJavier Sanziola, Arts, Government and Community RevitalizationLeo Van Grunsven (ed.), Regional Change in Industrializing Asia: Regional and Local Responses to Changing CompetitivenessAllen G. Noble, Frank J. Costa, Ashok K. Dutt, and Robert B. Kent (eds.), Regional Development and Planning for the 21st Century: New Priorities, New Philosophies
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    The Neoclassical Economic Base Multiplier (2000)
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    Journal of regional science 40 (2000), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: In this paper we derive an analytical expression for the regional neoclassical economic base marginal employment multiplier. The model that we adopt is a variant of the 1-2-3 general equilibrium model used in trade analysis. Its specific neoclassical characteristics are that laborsupply is a positive function of the real consumption wage and that factor and product demands are price sensitive. We calculate the employment multipliers associated with both a demand and supply stimulus to the basic sector. We demonstrate that it is possible for the marginal economic base multiplier to take any positive or negative value. However, the value of the marginalmultiplier is likely to approximate the value of the conventional average multiplier the closer production and utility functions are to Cobb-Douglas specifications and the more elastic is the labor supply function.
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    The Exclusion Theorem in the Weberian Space (2000)
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    Journal of regional science 40 (2000), S. 0 
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    Topics: Geography , Economics
    Notes: In this paper we employ a unifying approach to examine the exclusion theorem in a Weberian space under various types of uncertainty: input price or output price uncertainty, transport rate uncertainty, and technology uncertainty. The novelty of our approach is the usage of second-order conditions and comparative static analysis in the derivation of conditions for thevalidity of the exclusion theorem. Our main results are new and some are generalizations of those obtained in prior studies.
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    Alternative Nested Logit Model Structures and the Special Case of Partial Degeneracy (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
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    Topics: Geography , Economics
    Notes: Partially degenerate nested logit (NL) models have broad applicability in regional science. However, the literature on them is relatively sparse and confusion exists on some aspects of identification and related matters. This paper addresses a number of conceptual and econometric aspects of partially degenerate NL models. These include identification, scaling, invariance, and consistency with the utility-maximizing postulate that underlies discrete choiceanalysis. This is accomplished within the larger, encompassing framework of nondegenerate NL models of which the partially degenerate model is a special case.
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    The Asymptotic Expansion Approach to the Valuation of Interest Rate Contingent Claims (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Mathematical finance 11 (2001), S. 0 
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    ISSN: 1467-9965
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Mathematics , Economics
    Notes: We propose a new methodology for the valuation problem of financial contingent claims when the underlying asset prices follow a general class of continuous Itô processes. Our method can be applied to a wide range of valuation problems including complicated contingent claims associated with the term structure of interest rates. We illustrate our method by giving two examples: the valuation problems of swaptions and average (Asian) options for interest rates. Our method gives some explicit formulas for solutions, which are sufficiently numerically accurate for practical purposes in most cases. The continuous stochastic processes for spot interest rates and forward interest rates are not necessarily Markovian nor diffusion processes in the usual sense; nevertheless our approach can be rigorously justified by the Malliavin–Watanabe Calculus in stochastic analysis.
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    A Martingale Characterization of Consumption Choices and Hedging Costs with Margin Requirements[We are gra] (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Mathematical finance 10 (2000), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Mathematics , Economics
    Notes: This paper examines optimal consumption and investment choices and the cost of hedging contingent claims in the presence of margin requirements or, more generally, of nonlinear wealth dynamics and constraints on the portfolio policies. Existence of optimal policies is established using martingale and duality techniques under general assumptions on the securities' price process and the investor's preferences. As an illustration, explicit solutions are provided for an agent with ‘logarithmic’ utility. A PDE characterization of the cost of hedging a nonnegative path-independent European contingent claim is also provided.
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    Mean-Variance Hedging for Stochastic Volatility Models (2000)
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    Mathematical finance 10 (2000), S. 0 
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    Topics: Mathematics , Economics
    Notes: In this paper we discuss the tractability of stochastic volatility models for pricing and hedging options with the mean-variance hedging approach. We characterize the variance-optimal measure as the solution of an equation between Doléans exponentials; explicit examples include both models where volatility solves a diffusion equation and models where it follows a jump process. We further discuss the closedness of the space of strategies.
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    On Models of Default Risk[The first ] (2000)
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    Mathematical finance 10 (2000), S. 0 
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    Topics: Mathematics , Economics
    Notes: We first discuss some mathematical tools used to compute the intensity of a single jump process, in its canonical filtration. In the second part, we try to clarify the meaning of default and the links between the default time, the asset's filtration, and the intensity of the default time. We finally discuss some examples.
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    Risk-Sensitive Control and an Optimal Investment Model[The first ] (2000)
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    Mathematical finance 10 (2000), S. 0 
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    Topics: Mathematics , Economics
    Notes: We consider an optimal investment model in which the goal is to maximize the long-term growth rate of expected utility of wealth. In the model, the mean returns of the securities are explicitly affected by the underlying economic factors. The utility function is HARA. The problem is reformulated as an infinite time horizon risk-sensitive control problem. We study the dynamic programming equation associated with this control problem and derive some consequences of the investment problem.
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    A Note on the Spatial Correlation Structure of County-Level Growth in the U.S. (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    Topics: Geography , Economics
    Notes: This paper examines the spatial correlation structure of county-level growth across the contiguous United States. Estimated spatial correlograms using data on four different measures of aggregate economic activity—population, employment, income, and earnings—over the period 1984–1994 indicate that cross-county interdependence is limited to relatively short ranges of distance. For each of the measures, the average correlation between the growth rates of two counties approaches zero within a range of approximately 200 miles. Moreover, the rate at which correlations decline with distance is not uniform. Inside of roughly 40 miles correlations show only a very slow rate of decline whereas beyond this range they drop off at a substantially higher rate.
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    Preferences for Housing, Jobs, and Commuting: A Mixed Logit Analysis (2001)
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    Journal of regional science 41 (2001), S. 0 
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    Topics: Geography , Economics
    Notes: This paper reports stated preferences of Dutch workers for combinations of housing, employment, and commuting. The analysis uses standard logit models as well as mixed logit models. Estimation results offer insights into the relative importance of various aspects of housing, employment, and commuting. Households dislike commuting and the value of commuting time implied by the model is high in comparison to the wage rate. Nevertheless, preferences for some housing attributes are strong enough to make substantially longer commuting acceptable to most workers. Of special interest is the strong preference for living in small-or medium-size cities, especially among two income households. Using a mixed logit model instead of a standard logit model results in a substantial improvement of the loglikelihood, reflecting the importance of heterogeneity among respondents. If no individual characteristics are incorporated into the model, the mixed logit implies substantially lower average monetary evaluations of most attributes. These differences are much smaller if some individual characteristics are incorporated into the model.
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    The State of the Art in Modeling Migration in LDCS: A Comment (2001)
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    Journal of regional science 41 (2001), S. 0 
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    Notes: Early research on migration in LDCs, initially motivated by labor market postulates offered by Harris and Todaro, built upon general equilibrium models of interregional trade. In contrast, recent research on migration (such as Brueckner and Kim in this issue) builds upon a partial equilibrium analysis that is based on an urban land model. There are subtle differences between these models that complicate intermodel comparisons. The current paper, motivated by this complexity, has three purposes: (1) a mathematical explication of the state of the art in migration modeling, (2) a provision of further insights into the Todaro paradox, and (3) a suggestion for future research predicated on melding the urban land and interregional literatures.
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    A General Misspecification Test for Spatial Regression Models: Dependence, Heterogeneity, and Nonlinearity (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    Topics: Geography , Economics
    Notes: There is an increasing awareness of the potentials of nonlinear modeling in regional science. This can be explained partly by the recognition of the limitations of conventional equilibrium models in complex situations, and also by the easy availability and accessibility of sophisticated computational techniques. Among the class of nonlinear models, dynamic variants based on, for example, chaos theory stand out as an interesting approach. However, the operational significance of such approaches is still rather limited and a rigorous statistical-econometric treatment of nonlinear dynamic modeling experiments is lacking. Against this background this paper is concerned with a methodological and empirical analysis of a general misspecification test for spatial regression models that is expected to have power against nonlinearity, spatial dependence, and heteroskedasticity. The paper seeks to break new research ground by linking the classical diagnostic tools developed in spatial econometrics to a misspecification test derived directly from chaos theory—the BDS test, developed by Brock, Dechert, and Scheinkman (1987). A spatial variant of the BDS test is introduced and applied in the context of two examples of spatial process models, one of which is concerned with the spatial distribution of regional investments in The Netherlands, the other with spatial crime patterns in Columbus, Ohio.
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    Mind the Gaps: The Evolution of Regional Earnings Inequalities in the U.K., 1982–1997 (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: In this paper we apply earnings equations for U.K. regions over 1982–1997. We find evidence of rapid convergence across regions regarding the determinants of individual wages (i.e., regional fixed-effects, gender gaps, and returns to education and experience). In contrast, data on average regional earnings point to a worsening of U.K. regional inequalities and a rise in the North-South gap. Education accounts for most of the discrepancy between aggregate divergence and disaggregated convergence. First, London gained because its workforce became relatively more educated over the period. Second, returns to education increased nationwide, which favored the most educated regions (i.e., London). Third, returns to education were initially lower in London but they (partially) caught up with the rest of the country. Had returns to education and their distribution across U.K. regions remained stable over the period, the U.K. North-South divide would have decreased.
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    How Does Economic Development in Eastern Europe Affect Austria's Regions? A Multiregional General Equilibrium Framework (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: The paper quantifies regional welfare effects arising from the increasing trade flows between Austria and its Eastern neighbors after the opening up of Eastern Europe. We calibrate a static multiregional Computable General Equilibrium (CGE) model with benchmark data from 1994 for Austria, subdivided into nine Federal Provinces. The regions are linked by trade flows with the four Eastern neighboring countries and with the rest of the world. We simulate the effects of the increase of trade interpenetration as observed between 1989 and 1999 in a comparative static analysis. Regional welfare effects under fixed and flexible wages are presented. We also compare national CGE results with estimates obtained in a simple partial equilibrium approach.
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    Immigration and Welfare for the Host Economy with Imperfect Competition (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: In the literature, the beneficial result of immigration to the host country relies on the assumption of perfect competition in the goods market. However, for an economy characterized by imperfect competition, immigration of unskilled workers can be welfare-reducing. The entry of skilled workers is nevertheless welfare-enhancing under a plausible factor-intensity condition.
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    Does the Structure of an Urban System Affect Income Disparities? (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: In this paper I analyze the impact of basic training and specialized training on the distribution of skill, income disparity, social welfare, and on the structure of a decentralized specialized city system. This is done in a spatial general-equilibrium model of a closed economy producing a single consumption good. The economy is populated with a continuum of unskilled labor with potential heterogeneous ability. The only consumption good can be produced by specialized technology or by general technology. Specialized technology requires specialized training that enables each worker to transform his potential ability into productivity. General technology requires basic training that enables all workers, independent of their potential ability, to produce the good at a constant marginal product. In this framework I show that such an equilibrium exists uniquely and is efficient. Then I characterize the conditions that lead to a different distribution of skills, a different system of cities, and generate income disparity endogenously. Thus, the paper presents a link among income disparities, social welfare, and the structure of an urban system that is new to this literature.
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    Probing A Traffic Congestion Controversy: A Comment (2001)
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    Journal of regional science 41 (2001), S. 0 
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    Notes: Ohta (2001) claims to have resolved a die-hard controversy on traffic congestion modeling by defining an inverse aggregate demand function that has traffic density as its argument—in Ohta’s terminology the ‘primitive term.’Using this demand function, Ohta shows that ‘hypercongestion’ may very well be an optimal stationary state. This contribution argues that at least if what road users demand is completed trips, and if time spent on the road while traveling implies a cost, then Ohta’s approach is fundamentally flawed. Also the conclusion that hypercongestion can be optimal is no longer valid.
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    Exploring the Canadian-U.S. Unemployment and Nonemployment Rate Gaps: Are There Lessons for Both Countries? (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    Topics: Geography , Economics
    Notes: The Canadian and U.S. economies are very similar. Yet, beginning in the 1980s, Canada experienced much greater relative unemployment rates followed in the 1990s by a declining share of population employed. Using state- and provincial-level data this study assesses why U.S. labor markets have recently performed relatively better than their Canadian counterparts. The empirical results indicate that more rapid U.S. employment growth explains a relatively small proportion of its lower joblessness. Structural causes including lower U.S. unionization and less generous unemployment insurance appear to be more important, at least in the long run. The Canadian labor market also appears to be less flexible to regional economic shocks.
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    Call for Applications: The Benjamin H. Stevens Graduate Fellowship inRegional Science (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
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    Book Reviews (2001)
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    Journal of regional science 41 (2001), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Books reviewed;Eric Sheppard and Trevor J. Barnes (eds.),A Companion to Economic GeographyDavid Harvey,Spaces of HopeManfred M. Fischer and Peter Nijkamp (eds.),Spatial Dynamics of European Integration: Regional and Policy Issues at the Turn of the CenturyRonald E. Miller,Optimization: Foundations and ApplicationsMartin J. Beckmann,Lectures on Location TheoryBent Flyvbjerg,Rationality and Power: Democracy in PracticeHarvey Lithwick and Yehunda Gradus (eds.),Developing Frontier Cities: Global Perspectives—Regional ContextsJanice F. Madden,Changes in Income Inequality within U.S. Metropolitan AreasAmy Glasmeier,Manufacturing Time: Global Competition in the Watch Industry, 1795–2000Hans Westlund, Alexander Granberg, and Folke Snickars (eds.),Regional Development in Russia: Past Policies and Future ProspectsWilliam J. Mitchell,e-topia: “Urban Life, Jim—But Not As We Know It”Michael Harrison,Bournville: Model Village to Garden SuburbGraham Crampton (ed.),Regional Unemployment, Job Matching, and MigrationKenneth Button and Roger Stough,Air Transport Networks: Theory and Policy ImplicationsWilliam Garrison and Jerry D. Ward,Tomorrow's Transportation: Changing Cities, Economies, and LivesAnna Nagurney,Sustainable Transportation NetworksThomas Hyclak,Rising Wage Inequality: The 1980s Experience in Urban Labor Markets
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    On the Evolution of Relative Prices and Its Nature at the Regional Level: The Case of Spain (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    Topics: Geography , Economics
    Notes: This paper studies the relevance and nature of shifts in relative prices at the regional level in Spain. Deviations in relative prices tend to be small (at most half a point of inflation annually) but persistent. They are determined by features intrinsic to deep economic integration, in particular, wage mechanisms operating at the national level. This is in stark contrast to evidence at the international level. Therefore, while acknowledging that divergent price evolutions are possible in the European Monetary Union, their nature will be different from those observed among Spanish regions.
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    Books Received—August 2001 (2001)
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    Journal of regional science 41 (2001), S. 0 
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    Local Government Portfolios and Regional Growth: Some Combined Dynamic CGE/Optimal Control Results (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
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    Notes: A theoretical policy model is presented that combines regional dynamic CGE modeling and optimal control to explore the role of local government taxation and expenditure in enhancing regional growth. It contributes to the regional CGE literature by explicitly solving for an optimal policy and augments earlier regional optimal control models by adding endogenous optimization of producer and consumer agents in response to endogenously determined prices. Results of three policy regimes are analyzed in terms of gains in the objective function, impacts on income inequality, and sensitivity to model parameterization.
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    Economic Interdependence Within the Chicago Metropolitan Area: A Miyazawa Analysis (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    Notes: The present study explores the nature and strength of economic interdependence between inner-city communities and suburbs within the Chicago metropolitan area. Employing Miyazawa's extended input-output framework, a multiregional model is used to investigate the interdependence of income formation and output generation. The metropolitan area is divided into four regions and particular attention is directed to predominantly minority areas on the south and west sides of the city of Chicago. The region-to-region impacts of trade flows and their associated multipliers proved to be far less important in determining the strength of interregional interdependence in contrast to income flows derived from journey-to-work movements. The interrelational income multiplier revealed considerable interdependence between regions although the strength of this interdependence was asymmetric.
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    Worker Endowments and the Effects of Institutions on Earnings Realization: A Cross-National Comparison (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
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    Notes: In this study we investigate how differential institutions, and their observance within regional labor markets, impact potential earnings realization. We investigate institutional linkages to labor market outcomes by means of cross-nation comparisons between the United States and the Netherlands. In this regard, better job-matching (information) programs, higher relative unemployment benefits and minimum wages, and a greater prevalence of both trade unionism and collective bargaining likely work to the favor of Dutch workers, and in turnaugment their reservation wages during job search. The predictable outcome of higher earnings realization among Dutch workers is tested econometrically by frontier estimation.
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    Regional Wage Rigidity: The European Union and United States Compared (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
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    Notes: In recent years it has been pointed out that regional unemployment disparities are much more entrenched across member states of the European Union (E.U.) than they are in the U.S. A ‘conventional wisdom' has emerged to the effect that this difference is due in part to the greater degree of wage rigidity in E.U. regions. In this paper we explore this issue by estimating short run and long run real wage (in)flexibility for the regions in five core E.U. countries (Germany, France, Italy, the United Kingdom, and the Netherlands) and for the U.S. states for the period 1976–1994. We find that real wage (in)flexibility varies across regions both in the E.U. and the U.S., but that, on average, regional wages are no less flexible in E.U. core regions than in U.S. states. The paper also examines some of the possible correlates ofregional variations in wage (in)flexibility.
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    An Application of Canonical Correlation Analysis in Regional Science: TheInterrelationships Between Transport and Development in China's Zhujiang Delta (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Canonical correlation analysis (CCA) has the ability to deal with two sets of multivariate variables simultaneously and to produce both structural and spatial meanings. In view of the valuable insights to be gained, in this paper I examine the potential applications of CCA in regional science by describing its algorithm in a regional or spatial context. Next, I apply CCA to explore the mutually interdependent relationship between transport and development inChina's Zhujiang Delta. The results highlight the utility of CCA in revealing the structural and spatial patterns of two dominant and four subdominant transport-development relationships in this growing region of China.
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    Mobility and Regional Economic Downturns (2000)
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    Journal of regional science 40 (2000), S. 0 
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    Topics: Geography , Economics
    Notes: In this paper I show how higher unemployment in a region may reduce thepopulation's residential mobility within that region. A period of higher unemployment creates more uncertainty among individuals about future income and place of employment so those with significant moving costs are more likely to consider delaying a move. Periods of relatively higher unemployment may also be characterized by fewer new hirings and fewer job quits, both of which tend to dampen mobility. A multinomial logit analysis using Panel Study of Income Dynamics data is used to examine the effect of state unemployment rates on the decision to move.
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    Index to Volume 40, 2000 (2000)
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    Book Reviews (2000)
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Books reviewed:Margaret K. Nelson and Joan Smith, Working Hard and Making Do: Surviving in Small Town AmericaGeorge R. Zodrow, State Sales and Income Taxes: An Economic AnalysisClive Granger, Empirical Modelling in Economics: Specification and EvaluationEmil E. Malizia and Edward J. Feser, Understanding Local Economic DevelopmentRichard Muir, Approaches to LandscapeJan Albers, Hands on the Land: A History of the Vermont LandscapeMichel Bellet and Corine La'Harmet (eds.), Industry, Space and Competition: The Contribution of Economists of the PastStephanie S. Pincetl, Transforming California: A Political History of Land Use and Development
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    Labor Productivity in Western Europe 1975–1985: An Intercountry, Interindustry Analysis (2000)
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    Journal of regional science 40 (2000), S. 0 
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    Topics: Geography , Economics
    Notes: Using intercountry input-output tables and disaggregated employment data, we decompose labor productivity growth between 1975 and 1985 in six Western European countries into partial effects of six determinants including changing international trade and changing final demand. To this end, new multiplicative decomposition formulas are derived and implemented. In a similar way, we study labor productivity changes in vertically integrated industries. The effects of structural change on convergence are investigated also. We see this paper as an attempt to merge the convergence literature with earlier single-country productivity-change decompositions using input-output data.
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    Estimating the Marginal Willingness to Pay for Commuting (2000)
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    Journal of regional science 40 (2000), S. 0 
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    Notes: With informational frictions on the labor market, hedonic wage regressions provide biased estimates of the willingness to pay for job attributes. We show that a recent theoretical result, which states that the variation in job durations provides a basis for obtaining good estimates, can be generalized to a wide class of search models. We apply this result by estimating the marginal willingness of employed workers to pay for commuting, using Dutch longitudinal data. The average willingness to pay for one hour commuting is estimated to equal almost half of the hourly wage rate.
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    Smog Reduction’s Impact on California County Growth (2000)
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    Journal of regional science 40 (2000), S. 0 
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    Notes: Over the last twenty years, environmental regulation has sharply reduced pollution levels in the Los Angeles region. Population growth has soared in the Los Angeles suburbs that have experienced the largest pollution reductions. This paper posits that regulation has increased local quality of life which has encouraged in-migration. I explore alternative explanations for this growth.
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    A Generalized Cameron–Martin Formula with Applications to Partially Observed Dynamic Portfolio Optimization (2001)
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    Mathematical finance 11 (2001), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Mathematics , Economics
    Notes: The optimal dynamic allocation problem for a Bayesian investor is addressed when the stock's drift—modeled as a linear mean-reverting diffusion—is not observed directly but only via the measurement process. Adopting a martingale approach, an appropriate generalization of the Cameron–Martin (1945) formula then enables computation of both the optimal dynamic allocation and the value function for a general utility function, in terms of an inverse Laplace transform of an explicit expression. Moreover, closed-form formulas are provided in the case of power utility.
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    Optimal Dynamic Portfolio Selection: Multiperiod Mean-Variance Formulation[This resea] (2000)
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    Mathematical finance 10 (2000), S. 0 
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    Notes: The mean-variance formulation by Markowitz in the 1950s paved a foundation for modern portfolio selection analysis in a single period. This paper considers an analytical optimal solution to the mean-variance formulation in multiperiod portfolio selection. Specifically, analytical optimal portfolio policy and analytical expression of the mean-variance efficient frontier are derived in this paper for the multiperiod mean-variance formulation. An efficient algorithm is also proposed for finding an optimal portfolio policy to maximize a utility function of the expected value and the variance of the terminal wealth.
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    Pricing American Options Fitting the Smile[Address co] (2000)
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    Mathematical finance 10 (2000), S. 0 
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    Notes: This paper is a compendium of results—theoretical and computational—from a series of recent papers developing a new American option valuation technique based on linear programming (LP). Some further computational results are included for completeness. A proof of the basic analytical theorem is given, as is the analysis needed to solve the inverse problem of determining local (one-factor) volatility from market data. The ideas behind a fast accurate revised simplex method, whose performance is linear in time and space discretizations, are described and the practicalities of fitting the volatility smile are discussed. Numerical results are presented which show the LP valuation technique to be extremely fast—lattice speed with PDE accuracy. American options valued in the paper range from vanilla, through exotic with constant volatility, to exotic options fitting the volatility smile.
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    Cumulative Index, Volumes 8—11 (2001)
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    Dynamic Optimization of Long-Term Growth Rate for a Portfolio with Transaction Costs and Logarithmic Utility (2001)
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    Mathematical finance 11 (2001), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
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    Notes: We study the optimal investment policy for an investor who has available one bank account and n risky assets modeled by log-normal diffusions. The objective is to maximize the long-run average growth of wealth for a logarithmic utility function in the presence of proportional transaction costs. This problem is formulated as an ergodic singular stochastic control problem and interpreted as the limit of a discounted control problem for vanishing discount factor. The variational inequalities for the discounted control problem and the limiting ergodic problem are established in the viscosity sense. The ergodic variational inequality is solved by using a numerical algorithm based on policy iterations and multigrid methods. A numerical example is displayed for two risky assets.
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    MSM Estimators of European Options on Assets with Jumps (2001)
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    Mathematical finance 11 (2001), S. 0 
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    Notes: This paper shows that, under some regularity conditions, the method of simulated moments estimator of European option pricing models developed by Bossaerts and Hillion (1993) can be extended to the case where the prices of the underlying asset follow Lévy processes, which allow for jumps, with no losses on their asymptotic properties, still allowing for the joint test of the model.
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    On the Existence of Linear Equilibria in Models of Market Making (2001)
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    Mathematical finance 11 (2001), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Mathematics , Economics
    Notes: We derive necessary and sufficient conditions for a linear equilibrium in three types of competitive market making models: Kyle type models (when market makers only observe aggregate net order flow), Glosten–Milgrom and Easley–O'Hara type models (when market makers observe and trade one order at a time), and call markets models (individual order models when market makers observe a number of orders before pricing and executing any of them). We study two cases: when privately informed (strategic) traders are symmetrically informed and when they have differential information. We derive necessary and sufficient conditions on the distributions of the random variables for a linear equilibrium. We also explore those features of the equilibrium that depend on linearity as opposed to the particular distributional assumptions and we provide a large number of examples of linear equilibria for each of the models.
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    URL: http://dx.doi.org/10.1111/1467-9965.00106
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    Randomized Stopping Times and American Option Pricing with Transaction Costs (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Mathematical finance 11 (2001), S. 0 
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    ISSN: 1467-9965
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Mathematics , Economics
    Notes: In a general discrete-time market model with proportional transaction costs, we derive new expectation representations of the range of arbitrage-free prices of an arbitrary American option. The upper bound of this range is called the upper hedging price, and is the smallest initial wealth needed to construct a self-financing portfolio whose value dominates the option payoff at all times. A surprising feature of our upper hedging price representation is that it requires the use of randomized stopping times (Baxter and Chacon 1977), just as ordinary stopping times are needed in the absence of transaction costs. We also represent the upper hedging price as the optimum value of a variety of optimization problems. Additionally, we show a two-player game where at Nash equilibrium the value to both players is the upper hedging price, and one of the players must in general choose a mixture of stopping times. We derive similar representations for the lower hedging price as well. Our results make use of strong duality in linear programming.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9965.00107
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    The Liquidity Discount (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Mathematical finance 11 (2001), S. 0 
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    ISSN: 1467-9965
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Mathematics , Economics
    Notes: This paper characterizes the liquidity discount, the difference between the market value of a trader's position and its value when liquidated. This discount occurs whenever traders face downward sloping demand curves for shares and execution lags in selling shares. This characterization enables one to modify the standard value at risk (VaR) computation to include liquidity risk.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9965.00124
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    Return Dynamics when Persistence is Unobservable (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Mathematical finance 11 (2001), S. 0 
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    ISSN: 1467-9965
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Mathematics , Economics
    Notes: This paper proposes a new theory of the sources of time-varying second (and higher) moments in financial time series. The key idea is that fully rational agents must infer the stochastic degree of persistence of fundamental shocks. Endogenous changes in their uncertainty determine the evolution of conditional moments of returns. The model accounts for the principal observed features of volatility dynamics and implies some new ones. Most strikingly, it implies a relationship between ex post trends, or momentum, and changes in volatility.
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    URL: http://dx.doi.org/10.1111/1467-9965.00123
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    Interfacility Interaction in Models of Hub and Spoke Networks (2002)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 42 (2002), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Providers of transportation services may reduce their average unit costs by bundling flows and channeling them between hubs (also known as concentrators or routers). The resulting facility locations are interdependent because of the flows between them. This paper analyzes mathematical models of hub systems in an effort to enhance understanding of the optimal location of interactive facilities. The paper examines the behavior of solutions to several alternative models that require the location of a hub at either of two similar locations. A model employing a concave cost function favors the assembly of flows, penalizes fractional facility locations, and produces local minima that have integer facilities.
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    URL: http://dx.doi.org/10.1111/1467-9787.00254
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    Spatial Pricing Policies Reconsidered: Monopoly Performance and Location (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: This paper reexamines the welfare implications of three pricing regimes (mill, uniform, and discriminatory) for a monopoly. Assuming linear demand and constant marginal costs, I show that with the introduction of endogenous location choice, uniform delivered pricing may provide the highest social welfare when demands in different markets are sufficiently heterogeneous; whereas discriminatory pricing always dominates uniform pricing when demands in different markets are similar.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00234
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    Model Evaluation and Causality Testing in Short Panels: The Case of Infrastructure Provision and Population Growth in the Brazilian Amazon (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: In this paper we examine the relationship between infrastructure growth and population growth in the Amazon using a panel of 293 municipalities over the period from 1975 to 1985. Contemporaneous cross-section analysis confirms a strong positive correlation between infrastructure and urban population but does not indicate direction of causality. Thus, we employ a modified form of the traditional Granger causality tests to suit the short time series that we have available. Based on out-of-sample forecasting tests we conclude that the empirical evidence supports the hypothesis that growing urban populations lead to more infrastructure development, rather than vice versa.
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    URL: http://dx.doi.org/10.1111/0022-4146.00236
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    Books Received (2001)
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    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00244
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    The Impact of Property Taxes and Property Tax Classification on Business Activity in the Chicago Metropolitan Area (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: The City of Chicago and the inner suburbs grew much more slowly than the outer suburbs in recent decades. In the central county of the metropolitan area, commercial and industrial property is “classified,” in that it is assessed at a higher ratio of market value than residential property. Classification is not used in the surrounding suburban counties. The empirical analysis finds evidence consistent with the notion that property tax classification contributes to differential rates of economic growth. High property tax rates lead to significantly slower growth rates for employment, commercial property, and industrial property.
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    URL: http://dx.doi.org/10.1111/0022-4146.00242
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    Accounting for Air Pollution Emissions in Measures of State Manufacturing Productivity Growth (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: A Malmquist-Luenberger productivity index is employed to account for both marketed output and the output of pollution abatement activities of U.S. state manufacturing sectors for –1986. The index allows us to decompose the change in productivity into measures of change in efficiency and technical change. By accounting for the change in emissions, average annual productivity growth is 3.6 percent, whereas it is 1.7 percent when emissions are ignored. We also find adjusted productivity growth improved after 1977, and “Frost Belt” states with rapidly growing manufacturing sectors have significantly higher rates of productivity growth than “Sun Belt” states with slow growing manufacturing sectors.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00223
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    Foreign Direct Investment and Regional Export Performance in China (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: This paper investigates the impact of foreign direct investment (FDI) on the export performance of China at the provincial level. First, it presents a theoretical discussion of the impact of FDI on foreign trade, and then an empirical study of the impact of FDI on the export performance of regions in Chin. It has been found that the impact of FDI on exports differs across three macro-regions in China. The effect is stronger in the coastal region than in the inland regions. Although FDI shows a positive and significant impact on exports from the central region, its impact on the western region is found to be insignificant.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00219
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    A Conditional Logit Approach to U.S. State-to-State Migration (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: This paper uses a conditional logit approach to study interstate migration in the United States for each of eleven years, from 1986–1987 to 1996–1997. We test substantive hypotheses regarding migration in the United States and demonstrate the richness of the conditional logit approach in studies of place-to-place migration. We investigate migration responses to relative economic opportunities (unemployment rate, per capita income) and the associated costs of moving (distance between origin and destination and its square). We also investigate how noneconomic factors, such as amenities, affect migration between states through a state fixed effect. Finally, we study the magnitude of unmeasured costs associated with a particular migration. The conditional logit model also allows us to compute various trade-off and other values that are of interest in migration analysis.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00220
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    A Nested Logit Approach to Household Mobility (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: This study analyzes personal and site characteristics in a model of intraMSA and interMSA mobility. Households are assumed to choose a single type of move, intraMSA or interMSA, while simultaneously choosing a central city or suburban destination. We demonstrate that a nested logit model is appropriate on both theoretical and empirical grounds. The sample consists of intrametropolitan and intermetropolitan movers drawn from the 1990 U.S. Census PUMS. Personal characteristics drawn from the PUMS are matched to numerous site characteristics (climatic measures, other amenities, state and local fiscal characteristics, and other urban quality measures) drawn from a variety of sources. Nested logit direct and cross elasticities are presented for a number of site attributes.
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    URL: http://dx.doi.org/10.1111/0022-4146.00204
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    Integrating Transportation Network and Regional Economic Models to Estimate the Costs of a Large Urban Earthquake (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: In this paper we summarize an integrated, operational model of losses due to earthquake impacts on transportation and industrial capacity, and how these losses affect the metropolitan economy. The procedure advances the information provided by transportation and activity system analysis techniques in ways that help capture the most important ecomonic implications of earthquakes. Network costs and origin-destination requirements are modeled endogenously and consistently. Indirect and induced losses associated with direct impacts on transportation and industrial capacity are distributed across zones and ecomonic sectors. Preliminary results are summarized for a magnitude 7.1 earthquake on the Elysian Park blind thrust fault in Los Angeles.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00206
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    Technical Inefficiency and Public Capital in U.S. States: A Stochastic Frontier Approach (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: This paper estimates a translog stochastic frontier production function in the analysis of all 48 contiguous U.S. states in the period 1970–1983, to attempt to measure and explain changes in technical efficiency. The model allows technical inefficiency to vary over time, and inefficiency effects to be a function of a set of explanatory variables in which the level and composition of public capital plays an important role. Results indicate that U.S. state inefficiency levels are significantly and positively correlated with the ratio of public capital to private capital. The proportion of public capital devoted to highways is negatively correlated with technical inefficiency, suggesting that not only the level but also the composition of public capital influences state efficiency.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00208
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    Regional Specialization and Technical Leapfrogging (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: This paper investigates circumstances where a region loses its technological leadership after some major technological breakthrough. Input-output linkages between firms in a Cournot upstream industry and a perfectly competitive downstream industry create forces for agglomeration in particular locations, driving up prices of immobile factors. A new technology that is incompatible with the old will not benefit from these linkages and so is more likely to be established in locations with little existing industry due to lower factor prices. Furthermore, in some circumstances the old and new technologies may coexist.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00211
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    Books Received — February 2001 (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00213
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    Book Reviews (2001)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 41 (2001), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: Thiess Büttner, Agglomeration, Growth, and Adjustment: A Theoretical and Empirical Study of Regional Labor Markets in GermanyClyde Woods, Development Arrested: The Blues and Plantation Power in the Mississippi DeltaJohn Forester, The Deliberative Practitioner: Encouraging ParticipatoryPlanning ProcessesPeter Schaeffer and Scott Loveridge (eds.), Small Town and Rural Economic Development: A Case Studies ApproachOrganisation for Economic Co-Operation and Development, The Response of Higher Education Institutions to Regional NeedsHongyi Chen, The Institutional Transition of China's Township and Village Enterprises: Market Liberalization, Contractual Form Innovation and Privitization
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-9787.00212
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    Leviathan vs. Lilliputian: A Data Envelopment Analysis of Government Efficiency (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: In this paper we present a new approach to measuring government efficiency, based on the theory that communities that allocate resources efficiently in the local public sector maximize property values. We use Data Envelopment Analysis (DEA) to identify the counties in Minnesota that are characterized by property-value maximization and hence an efficient public sector. The results indicate that the dominant source of public sector inefficiency is an inappropriate scale of operations. It appears that some county jurisdictions are too large to service the population efficiently. The size and concentration of government power are also responsible in part for observed inefficiencies.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/0022-4146.00192
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    An Evolutionary New Economic Geography Model (2000)
    Boston, USA and Oxford, UK : Blackwell Publishers Inc
    Journal of regional science 40 (2000), S. 0 
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    ISSN: 1467-9787
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Geography , Economics
    Notes: In this paper we present a general new economic geography model with multiple industries and regions, full labor and capital mobility, land use in production and consumption, and a dynamic adjustment process in which consumers maximize utility and firms respond to nonzero profits. All industries use intermediate inputs as well as land, labor, and capital. Systems of cities form endogenously within this framework, including asymmetrical urban hierarchies and cities of different sizes and industry compositions. Each urban area has a bid-rent gradient and zones with land uses and densities as in the von Thünen model. The equilibrium depends not only on initial conditions but also on speeds of adjustment. The model is a prototype for empirical implementation, as illustrated with a simulation of the effects of transportation cost reductions.
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    URL: http://dx.doi.org/10.1111/0022-4146.00193
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