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Simultaneous-equations Analysis in Regional Science and Economic Geography

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  • Mitze, Timo

    ()
    (University of Southern Denmark)

  • Stephan, Andreas

    ()
    (Jönköping International Business School)

Abstract

This paper provides an overview over simultaneous equation models (SEM) in the context of analyses based on regional data. We describe various modelling approaches and highlight close link of SEMs to theory and also comment on the advantages and disadvantages of SEMs.We present selected empirical works using simultaneous-equations analysis in regional science and economic geography in or-der to show the wide scope for applications. We thereby classify the empirical contributions as either being structural model presentations or vector autoregressive (VAR) models. Finally, we provide the reader with some details on how the various models can be estimated with available software packages such as STATA, LIMDEP or Gauss.

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Bibliographic Info

Paper provided by Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies in its series Working Paper Series in Economics and Institutions of Innovation with number 309.

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Length: 17 pages
Date of creation: 14 May 2013
Date of revision:
Handle: RePEc:hhs:cesisp:0309

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Postal: CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology, SE-100 44 Stockholm, Sweden
Phone: +46 8 790 95 63
Web page: http://www.infra.kth.se/cesis/
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Keywords: Structural Equation Models; Regional Science and Economics; Empirical Applications; Software;

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