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Full-Text Articles in Economics
Global Impact Of Energy Use In Middle East Oil Economies: A Modeling Framework For Analyzing Technology-Energy-Environment-Economy Chain, Hodjat Ghadimi
Global Impact Of Energy Use In Middle East Oil Economies: A Modeling Framework For Analyzing Technology-Energy-Environment-Economy Chain, Hodjat Ghadimi
Regional Research Institute Working Papers
To explore choices of improving energy efficiency in energy-rich countries of the Middle East, this study lays out an integrated modeling framework for analyzing the technology-energy-environment-economy chain for the case of an energy exporting country. This framework consists of an input output process-flow model (IOPM) and a computable general equilibrium (CGE) model. The former investigates the micro-level production processes and sectoral interdependencies to show how alternative technologies affect the energy intensity of the economy (Lin, Polenske 1998 and Polenske, McMichael 2002). The latter belongs to the optimal depletion category of CGE models that analyzes energy economy interaction; it is an …
A Spatial Panel Simultaneous-Equations Model Of Business Growth, Migration Behavior, Local Public Services And Household Income In Appalachia, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Peter V. Schaeffer, Tim Phipps, Randall Jackson
A Spatial Panel Simultaneous-Equations Model Of Business Growth, Migration Behavior, Local Public Services And Household Income In Appalachia, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Peter V. Schaeffer, Tim Phipps, Randall Jackson
Regional Research Institute Working Papers
In this paper we develop a spatial panel simultaneous-equations model of business growth, migration behavior, local public services and median household income in a partial lag-adjustment growth-equilibrium framework and utilizing a one-way error component model for the disturbances. This model is an extension of the “jobs follow people or people follow jobs” literature and it improved previous models in the growth-equilibrium tradition by: (1) explicitly modeling local government and regional income in the growth process; (2) explicitly modeling gross in-migration and gross out-migration separately in order to spell out the differential effects, which used to be glossed over under net …
A Spatial Model Of Regional Variations In Business Growth In Appalachian States, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Peter V. Schaeffer, Tim Phipps, Randall Jackson
A Spatial Model Of Regional Variations In Business Growth In Appalachian States, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Peter V. Schaeffer, Tim Phipps, Randall Jackson
Regional Research Institute Working Papers
In this study, a spatial growth equilibrium model of business growth is developed and empirically estimated by Generalized Spatial Two-Stage Least Squares (GS2SLS) estimator using cross-sectional data from Appalachian States counties for 1990-2000. Beside the existence of spatial spillover effects, the results suggest that agglomerative effects that arise from both the demand and the supply sides were active in contributing to business growth in the study area during the study period. The policy implications of these findings are: (1) Regional cooperation of counties and communities is advisable and may even in fact be necessary to design appropriate policies that encourage …
Modeling And Estimation Issues In Spatial Simultaneous Equations Models, Gebremeskel H. Gebremariam
Modeling And Estimation Issues In Spatial Simultaneous Equations Models, Gebremeskel H. Gebremariam
Regional Research Institute Working Papers
Spatial dependence is one of the main problems in stochastic processes and can be caused by a variety of measurement problems that are associated with the arbitrary delineation of spatial units of observation (such as counties boundaries, census tracts), problems of spatial aggregation, and the presence of spatial externalities and spillover effects. The existence of spatial dependence would then mean that the observations contain less information than if there had been spatial independence. Consequently, hypothesis tests and the statistical properties for estimators in the standard econometric approach will not hold. Thus, in order to obtain approximately the same information as …
Issues In The Implementation Of Interregional Commodity By Industry Input-Output Models, Randall Jackson, Walter R. Schwarm
Issues In The Implementation Of Interregional Commodity By Industry Input-Output Models, Randall Jackson, Walter R. Schwarm
Regional Research Institute Working Papers
A number of procedures for generating interregional social accounting matrices have been developed recently (Canning and Wang 2005, Robinson and Liu 2006, Jackson et al. 2006, Lindall, Olson and Alward 2006). While each approach shares the fundamental structure of the resulting accounting framework, very little attention has been devoted to the use of these accounts in impacts assessment application. This paper presents the common framework for organization of the data, addresses a number of issues surrounding such applications and demonstrates the implications of adopting different assumptions.
An Empirical Analysis Of Employment, Migration, Local Public Services And Regional Income Growth In Appalachia, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Peter V. Schaeffer, Randall Jackson, Tim Phipps
An Empirical Analysis Of Employment, Migration, Local Public Services And Regional Income Growth In Appalachia, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Peter V. Schaeffer, Randall Jackson, Tim Phipps
Regional Research Institute Working Papers
This study develops a five-equation simultaneous system in a partial lagadjustment growth-equilibrium framework. It improved previous models in the growthequilibrium tradition by explicitly modeling local government and regional income in the growth process. It also explicitly modeled gross in-migration and gross out-migration separately in order to spell out the differential effects. The results show the existence of feedback simultaneities among the endogenous variables of the model. This finding is important from economic policy perspective because it indicates that sector specific policies should be integrated and harmonized in order to achieve the desirable outcome. Under this circumstance, looking at the direct …
The Role Of Institutions Of Private Property Rights And Money In Entrepreneurial Discovery, Odd Stalebrink, John Sacco, Gerald Bushee
The Role Of Institutions Of Private Property Rights And Money In Entrepreneurial Discovery, Odd Stalebrink, John Sacco, Gerald Bushee
Regional Research Institute Working Papers
This paper examines the influence of private property rights and monies on entrepreneurial discovery. A framework is presented and tested, which views these two institutions as key determinants of entrepreneurial discovery. Using several measures as proxies for their influence, two variables, minimum wage legislation and percentage government employment, support the idea that private property rights and monies are associated with entrepreneurial discovery as indicated by business starts, failures, patents and bankruptcy.
Farmland Preservation Programs In West Virginia: A Preliminary Inquiry Into The Merits Of Purchase Development Rights, Odd Stalebrink, Samuel E. Wilkinson
Farmland Preservation Programs In West Virginia: A Preliminary Inquiry Into The Merits Of Purchase Development Rights, Odd Stalebrink, Samuel E. Wilkinson
Regional Research Institute Working Papers
To prevent the loss of farmland in West Virginia, the Voluntary Farmland Protection Act (VFPA) was passed in 2000. This act gives counties and the State authority to develop and fund local farmland protection programs, which typically involve a voluntary sale by a landowner of the right to develop the farmland. Following the purchase, the purchaser (often a government or a land trust) would retire the property. Since the inception of the VFPA, 5,000 acres of farmland have been retired in West Virginia. The objective of the paper is to assess the merit of this legislation in terms of its …
Conditional Logit, Iia, And Alternatives For Estimating Models Of Interstate Migration, Christiadi, Brian Cushing
Conditional Logit, Iia, And Alternatives For Estimating Models Of Interstate Migration, Christiadi, Brian Cushing
Regional Research Institute Working Papers
Many researchers have used the conditional logit model to examine migration. One common objection to this model is that it carries the independence from irrelevant alternatives (IIA) assumption, which may be too restrictive. This study compares the conditional logit with models that partially relax (nested logit) or fully relax (mixed logit) the IIA assumption. We will begin to learn whether assuming IIA holds poses serious estimation problems for migration modeling. Given the substantial computational cost of the more complex models, a finding that a well-specified, but computationally much simpler, conditional logit model may suffice would be useful.
Impacts Of Regional Growth On Farmland Development In The Northeast U.S., Yohannes G. Hailu, Cheryl Brown
Impacts Of Regional Growth On Farmland Development In The Northeast U.S., Yohannes G. Hailu, Cheryl Brown
Regional Research Institute Working Papers
This study models the relationship between regional growth and agricultural land development in the Northeast United States. A system of simultaneous equations is estimated using three-stage-least squares on county-level data. Results indicate that regional growth puts upward pressure on agricultural land values and downward pressure on the stock of agricultural land. Farm performance and some farmland protection policies were not effective in limiting farmland development.
Agricultural Land Development In The Northeast United States: A Spatial Simultaneous Growth Equilibrium Model, Yohannes G. Hailu, Cheryl Brown
Agricultural Land Development In The Northeast United States: A Spatial Simultaneous Growth Equilibrium Model, Yohannes G. Hailu, Cheryl Brown
Regional Research Institute Working Papers
This study introduces a spatial simultaneous growth model to examine the impact of regional growth on agricultural land development. County level data on growth factors, land values, farmland density and a set of exogenous variables are used from 12 Northeast states. Results indicate that regional growth, accessibility, and growth in neighboring counties may negatively impact agricultural land density. Farmland protection policies did not have a significant impact in reducing agricultural land development. Based on these results, cross-county and cross-state land use policy coordination may provide better land management outcomes than a county-level focus that disregards growth and land development interdependences.
Modeling Small Business Growth, Migration Behavior, Local Public Services And Household Income In Appalachia: A Spatial Simultaneous Equations Approach, Gebremeskel H. Gebremariam
Modeling Small Business Growth, Migration Behavior, Local Public Services And Household Income In Appalachia: A Spatial Simultaneous Equations Approach, Gebremeskel H. Gebremariam
Regional Research Institute Working Papers
In this paper, a spatial simultaneous growth equilibrium model of small business growth, migration behavior, median household income and local public expenditures is developed. The model is empirically estimated by Generalized Spatial Three-Stage Least Squares estimator using count-level data from Appalachia for 1990-2000. The results suggest the existence of interdependence among the growth rates of small business, gross in-and out-migration, median household income and local public services in the form of feedback simultaneities, spatial autoregressive lag and spatial cross-regressive lag simultaneities. The findings also suggest the existence of conditional convergence with respect to endogenous variables of the model. The speeds …