Ebook: Empirical Modelling in Regional Science: Towards a Global Time‒Space‒Structural Analysis

Economic agents interact in structural relationships through time and space. This work starts from the empirical observation that all three dimensions, namely time, space, and structural functional forms, are important for an integrative framework of modern empirical analysis in regional science. The work thus aims at combining up-to-date econometric tools from the fields of spatial econometrics, panel time-series analysis and structural simultaneous equation modelling to analysis the different research questions at hand. Most of the topics dealt within this work start from a concrete empirical problem, while problem solving also aims at generating some new knowledge in a methodological way, e.g. by the complementary use of Monte Carlo simulation studies to compare the empirical performance of different estimators for specific data samples. Following a first introductory chapter, the work is structured in three parts addressing major issues in building up a stylized regional economic model such as interregional migration, factor and final demand estimation. All empirical applications use German regional data.

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Economic agents interact in structural relationships through time and space. This work starts from the empirical observation that all three dimensions, namely time, space, and structural functional forms, are important for an integrative framework of modern empirical analysis in regional science. The work thus aims at combining up-to-date econometric tools from the fields of spatial econometrics, panel time-series analysis and structural simultaneous equation modelling to analyse the different research questions at hand. Most of the topics dealt within this work start from a concrete empirical problem, while problem solving also aims at generating some new knowledge in a methodological way, e.g. by the complementary use of Monte Carlo simulation studies to compare the empirical performance of different estimators for specific data samples. Following a first introductory chapter, the work is structured in three parts addressing major issues in building up a stylized regional economic model such as interregional migration, factor and final demand estimation. All empirical applications use German regional data.

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Economic agents interact in structural relationships through time and space. This work starts from the empirical observation that all three dimensions, namely time, space, and structural functional forms, are important for an integrative framework of modern empirical analysis in regional science. The work thus aims at combining up-to-date econometric tools from the fields of spatial econometrics, panel time-series analysis and structural simultaneous equation modelling to analyse the different research questions at hand. Most of the topics dealt within this work start from a concrete empirical problem, while problem solving also aims at generating some new knowledge in a methodological way, e.g. by the complementary use of Monte Carlo simulation studies to compare the empirical performance of different estimators for specific data samples. Following a first introductory chapter, the work is structured in three parts addressing major issues in building up a stylized regional economic model such as interregional migration, factor and final demand estimation. All empirical applications use German regional data.
Content:
Front Matter....Pages I-XIII
Front Matter....Pages 17-17
Introduction and Outline....Pages 1-15
Front Matter....Pages 17-17
A Panel VAR Approach for Internal Migration Modelling and Regional Labor Market Dynamics in Germany....Pages 19-52
Testing the Neoclassical Migration Model: Overall and Age-Group Specific Results for German Regions....Pages 53-82
Space–Time Dependence in Internal Migration Flows: Evidence for Germany since Re-unification....Pages 83-120
Front Matter....Pages 121-121
Trade-FDI Linkages in a Simultaneous Equations System of Gravity Models for German Regional Data....Pages 123-164
Estimating Gravity Models of Trade with Correlated Time-Fixed Regressors: To IV or not IV?....Pages 165-190
Within and Between Panel Cointegration in the German Regional Output–Trade–FDI Nexus....Pages 191-215
Front Matter....Pages 217-217
Dynamic Simultaneous Equations with Panel Data: Small Sample Properties and Application to Regional Econometric Modelling....Pages 219-271
Speed Up or Slow Down? The Effects of Capital Investment Grants on German Regional Growth....Pages 273-302
Dynamic Consumption Models for German States: The Role of Excess Sensitivity to Income and Regional Heterogeneity in Adjustment....Pages 303-339

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Economic agents interact in structural relationships through time and space. This work starts from the empirical observation that all three dimensions, namely time, space, and structural functional forms, are important for an integrative framework of modern empirical analysis in regional science. The work thus aims at combining up-to-date econometric tools from the fields of spatial econometrics, panel time-series analysis and structural simultaneous equation modelling to analyse the different research questions at hand. Most of the topics dealt within this work start from a concrete empirical problem, while problem solving also aims at generating some new knowledge in a methodological way, e.g. by the complementary use of Monte Carlo simulation studies to compare the empirical performance of different estimators for specific data samples. Following a first introductory chapter, the work is structured in three parts addressing major issues in building up a stylized regional economic model such as interregional migration, factor and final demand estimation. All empirical applications use German regional data.
Content:
Front Matter....Pages I-XIII
Front Matter....Pages 17-17
Introduction and Outline....Pages 1-15
Front Matter....Pages 17-17
A Panel VAR Approach for Internal Migration Modelling and Regional Labor Market Dynamics in Germany....Pages 19-52
Testing the Neoclassical Migration Model: Overall and Age-Group Specific Results for German Regions....Pages 53-82
Space–Time Dependence in Internal Migration Flows: Evidence for Germany since Re-unification....Pages 83-120
Front Matter....Pages 121-121
Trade-FDI Linkages in a Simultaneous Equations System of Gravity Models for German Regional Data....Pages 123-164
Estimating Gravity Models of Trade with Correlated Time-Fixed Regressors: To IV or not IV?....Pages 165-190
Within and Between Panel Cointegration in the German Regional Output–Trade–FDI Nexus....Pages 191-215
Front Matter....Pages 217-217
Dynamic Simultaneous Equations with Panel Data: Small Sample Properties and Application to Regional Econometric Modelling....Pages 219-271
Speed Up or Slow Down? The Effects of Capital Investment Grants on German Regional Growth....Pages 273-302
Dynamic Consumption Models for German States: The Role of Excess Sensitivity to Income and Regional Heterogeneity in Adjustment....Pages 303-339
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