摘要:

ABSTRACT.In The Netherlands, a strong tradition in the construction and updating of (inter)regional input‐output tables has been built up. The paper gives a brief overview of this Dutch experience and discusses the features of the by now more or less standardized double‐entry bi‐regional construction method (DEBRIOT). This method systematically adds sales and export coefficients to the usual construction procedures. Thus, it introduces consistency checks at the cell level of the input‐output table. Moreover, it offers a non‐survey technique to estimate a regional domestic sales table that is crucial to the double‐entry character of

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1992.tb00186.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

ABSTRACT.In estimating a discrete choice model one is actually estimating the parameters of a conditional indirect utility function. I explore the consequences of recognizing that this function is a maximum‐value (frontier) function. I formulate several frontier choice models and, using a pilot empirical study of transportation mode choice, compare the resulting estimates with those of the conventional logit specification. Most strikingly, it appears that the values of time implied by the frontier models are substantially below those of the logit model. This implies that policies designed to improve travel times may be of less value to consumers than is conventionally believe

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1992.tb00187.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

ABSTRACT.We determine the location equilibria in a duopoly model under a novel solution concept. Typically, spatial equilibrium is described as either a simultaneous price and location game, or else as a two‐stage location‐then‐price game. We introduce a new alternative, a two‐stage price‐then‐location game. It is well known that no (pure strategy) equilibrium usually exists under the two standard solution concepts when products are homogeneous. We show this is also true for the new concept. We then provide numerical results for a specific functional form (the logit model) which introduces product heterogeneity into the standard framework, restoring equilibrium when the degree of substitutability between products is no

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1992.tb00188.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

ABSTRACT.Responding to continuing discussions in thisJournalregarding the importance of regional money supply and credit, a simple reduced‐form regional money supply model is posited and an investigation of real regional money supplies is performed for several states around the country. Hypothesis tests are performed regarding the question of regional financial market segmentation, concluding that segmentation still exists in the United States. The empirical results also imply that interregional trade, presumably via the consequent constraint on regional banks, has at least as much effect on regional money supplies as Federal Reserve policies. These results lend further support for the assertion that regionally available money matters at the local level, and that regional analysis should continue to include regional money and credit as explanatory variables. The implications for policy makers are that: 1) national monetary policy cannot cure regional ills if the problems are manifested in regional industry mixes; and 2) some proposed banking reforms now being debated in Congress, i.e, nationwide branch banking and, particularly, industrial ownership of banks, are suspect. A healthy caution is warranted without more tests of these reform

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1992.tb00189.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

ABSTRACT.Commonly‐employed spatial autocorrelation models imply heteroskedastic errors, but heteroskedasticity causes probit to be inconsistent. This paper proposes and illustrates the use of two categories of estimators for probit models with spatial autocorrelation. One category is based on the EM algorithm, and requires repeated application of a maximum‐likelihood estimator. The other category, which can be applied to models derived using the spatial expansion method, only requires weighted least squa

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1992.tb00190.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

ABSTRACT.Migration models have considered several different categories of determinants, including economic opportunities, amenities, and state and local fiscal factors. Migration has also been shown to depend on the individual's position in the life cycle. This paper represents a first attempt to integrate all three categories of determinants of migration into a life‐cycle framework. Empirical findings generated from a countrywide model of white male migration, over the period 1970 to 1980, reveal that all three types of determinants are important. Specifically, economic opportunities are most influential for males during their working years. Amenities are also found to follow a life‐cycle pattern with older migrants more attracted to amenable locations than their younger cohorts. Finally, state income and death taxes display life‐cycle effects; working males in their peak earning years are detracted by high income taxes while all migrants aged 55 to 69 avoid counties in states with high inheritance and estate

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1992.tb00191.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

ABSTRACT.Intervention analysis is used to assess the impact of the October 1987 stock market crash upon employment in the securities industry in New York City. The results indicate that the crash has led to a gradual, but permanent reduction of approximately 25,000 jobs in this industry through July 1990. Using a dynamic location quotient methodology to measure basic employment, an estimate of a partial‐adjustment economic base multiplier suggests that total New York City employment is likely to decline by over 100,000 as a result of the crash and subsequent adjustments in the securities industr

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1992.tb00192.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

Book reviewed in this article:Long‐Wave Rhythms in Economic Development and Political Behavior, by Brian J. L. Berry.Who Benefits from State and Local Economic Development Policies?, by Timothy J. Bartik.Regional Input‐Output Modelling: New Developments and Interpretations, edited by John H. LI. Dewhurst, Geoffrey J. D. Hewings, and Rodney C. Jensen.Infrastructure and Regional Development, edited by R. W. Vickerman.Wage and Employment Adjustment in Local Labor Markets, by Randall W. Eberts and Joe A. Stone.Work in the Fast Lane: Flexibility, Divisions of Labor, and Inequality in High‐Tech Industries, by Glenna Colclough and Charles M. Tolbert, II.The Geography of Science, by Harold Dorn.Economic Growth and Fiscal Planning: New York in the 1990s, by Roy Bahl and William Duncombe.A Small Town in Modern Times, by David Rayside.The Logit Model: An Introduction for Economists, by J. S. C

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1992.tb00193.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1992.tb00194.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

ISSN:0022-4146    

DOI:10.1111/j.1467-9787.1992.tb00195.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY