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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AB-GMM analysis approach augmented Baltagi BB2-GMM bias bootstrap C-statistic coefficient cointegration consumption convergence correlation cross-sectional Denote statistical significance Destatis dummy dynamic panel data East German East–West economic empirical endogenous endogenous variable equation error term exogenous export FDI activity FEM-2sls FEVD fixed effects framework German regions GMM estimation gravity model growth HT model human capital income instrumental variables instruments internal migration investment Journal labor productivity latter LEV2-GMM level Denote statistical long-run Lower Saxony migration flows Monte Carlo simulation Moran’s negative neoclassical migration model North Rhine-Westphalia null hypothesis output outward FDI p-value panel data models parameter Pesaran Regional Science regression regressors residuals Rhineland-Palatine root tests sample Sargan Saxony-Anhalt short-run space–time spatial autocorrelation spatial dependence spatial econometrics spatial filtering spatial lag specification spillovers standard SYS-GMM Table time-fixed trade and FDI trade-FDI unit root unit root tests Untiedt vector VGRdL wage Yi,t