|
EconStor >
Universität Kassel >
Fachbereich Wirtschaftswissenschaften, Universität Kassel >
Volkswirtschaftliche Diskussionsbeiträge, Universität Kassel >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/32131
|
| | |
| Title: | | New economic geography and regional price level  |
| Authors: | | Kosfeld, Reinhold Eckey, Hans-Friedrich Türck, Matthias |
| Issue Date: | | 2005 |
| Series/Report no.: | | Volkswirtschaftliche Diskussionsbeiträge 78 |
| Abstract: | | In view of the lack of area-wide regional price data, Aten and Heston (2005) adopted an econometric approach in estimating regional price level from an international perspective. At a regional level, however, spatial economic theory may contribute to advancement in explaining price level determination. Recently, the market potential approach as an essential element of NEG models has been employed for explaining observed regional land prices (Brakman et al., 2004). The present paper relies on the price mechanisms of the Helpman model (Helpman, 1998) in developing spatial-econometric models for regional price level and its major components. By evaluating a south German sample, first evidence on the empirical significance of NEG-based price level models is provided. |
| Subjects: | | Regional price level Helpman model spatial-econometric models ESDA |
| JEL: | | C21 R13 R31 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Volkswirtschaftliche Diskussionsbeiträge, Universität Kassel
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/32131
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|