Modeling Small Businss Growth, Migration behavior, and Household Income in Appalachia: A Spatial Simultaneous Equations Approach
AbstractIn this paper, a spatial simultaneous equations model of business growth, migration behavior and median household income is empirically estimated. The empirical simultaneous model is developed from the equilibrium relationships among these variables where each variable is assumed to adjust to its equilibrium level with a substantial lag through a partial equilibrium adjustment process. We use Generalized Spatial Three-Stage Least Squares estimator to estimate the empirical model using data from 418 Appalachian counties for 1990-2000. The results suggest the existence of very strong interdependences among business growth, migration behavior and median household income in the form of feed-back simultaneities, spatial autoregressive lag simultaneities and spatial cross-regressive lag simultaneities.
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Bibliographic InfoPaper provided by Regional Research Institute, West Virginia University in its series Working Papers with number 200608.
Length: 29 pages
Date of creation: 2006
Date of revision:
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More information through EDIRC
Appalachia; Simultaneous Model; Small Business; Migration; Household Income;
Find related papers by JEL classification:
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
- P28 - Economic Systems - - Socialist Systems and Transition Economies - - - Natural Resources; Environment
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- Mills, Edwin S. & Price, Richard, 1984. "Metropolitan suburbanization and central city problems," Journal of Urban Economics, Elsevier, vol. 15(1), pages 1-17, January.
- Kevin T. Duffy-Deno & Randall W. Eberts, 1989.
"Public infrastructure and regional economic development: a simultaneous equations approach,"
8909, Federal Reserve Bank of Cleveland.
- Duffy-Deno, Kevin T. & Eberts, Randall W., 1991. "Public infrastructure and regional economic development: A simultaneous equations approach," Journal of Urban Economics, Elsevier, vol. 30(3), pages 329-343, November.
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