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To date, the regional economics literature has neglected to combine a county-level dynamic computable general equilibrium (CGE) model with a recreation demand model to analyze the temporal effects of reallocating water from agriculture to recreational use. This study begins to address this...
This paper uses UK plant-level survey data to examine the relative importance of industry concentration, technological opportunity and locational factors in determining innovation propensity.
In this paper, we construct a Bayesian vector autoregressive model to forecast the industrial employment figures of the Southern California economy. The model includes both national and state variables. The root mean squared error (RMSE) and the Theil's U statistics are used in selecting the...
Since the introduction of competition in the telecommunications sector, private firms have been facing new possible choices concerning their telecommunications systems. To evaluate these possibilities the traditional microeconomic production theory proves to be helpful. Cost minimal solutions to...
Concentrating on the property of information infrastructure, this paper examines the impact of publicly funded technology development on the spatial allocation of population and social welfare. Information and communication technologies attract much attention as elements of change in regional...
A predominant view among urban economists is that the exponential function is an accurate representation of the spatial distribution of population densities in urban areas but an inadequate representation of the spatial distribution of non-residential activities. In this paper we suggest that...
A new triple LDU-factorization (L represents a lower-triangular block matrix, D represents the diagonal block matrix and U represents an upper-triangular block matrix) of the Leontief inverse is based on the Schur block-inversion of matrices. This factorization is applied to the decomposition of...
The Dynamic Variable Input-Output (VIO) model extends the static single regional version of the Multiregional Variable Input-Output (MRVIO) model which is a general equilibrium model applied to the Leontief Input-Output model. The Dynamic VIO model which incorporates time dimensions can describe...
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