Chicken or Egg? The PVAR Econometrics of Transportation
To analyze the mutually dependent relationship between local economic performance and the demand for and supply of transport services, we employ the structural panel VAR method that is popular in the macroeconomic literature, but which has not previously been applied to the modeling of within-city dynamics of transportation. We focus on a within-city panel of Berlin, Germany, during the heyday of the construction of its dense public transit network (1880-1914). Our results suggest that economic outcomes and supply of transport infrastructure mutually determine each other. Both transport demand and supply seem to be driven more by firms than by residents.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
| Length: | |
| Date of creation: | Mar 2014 |
| Date of revision: | |
| Handle: | RePEc:cep:sercdp:0158 |
| Contact details of provider: | Web page: http://www.spatialeconomics.ac.uk/SERC/publications/default.asp
|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- David Levinson, 2008.
"Density and dispersion: the co-development of land use and rail in London,"
Journal of Economic Geography,
Oxford University Press, vol. 8(1), pages 55-77, January.
- David Levinson, 2007. "Density and Dispersion: The Co-Development of Land use and Rail in London," Working Papers 200801, University of Minnesota: Nexus Research Group.
- Choi, In, 2001. "Unit root tests for panel data," Journal of International Money and Finance, Elsevier, vol. 20(2), pages 249-272, April.
- Gabriel M. Ahlfeldt & Nicolai Wendland, 2013.
"How polycentric is a monocentric city? Centers, spillovers and hysteresis,"
Journal of Economic Geography,
Oxford University Press, vol. 13(1), pages 53-83, January.
- Gabriel M. Ahlfeldt & Nicolai Wendland, 2013. "How polycentric is a monocentric city?: centers, spillovers and hysteresis," LSE Research Online Documents on Economics 44318, London School of Economics and Political Science, LSE Library.
- Ahlfeldt, Gabriel M. & Wendland, Nicolai, 2009.
"Looming stations: Valuing transport innovations in historical context,"
Economics Letters,
Elsevier, vol. 105(1), pages 97-99, October.
- Gabriel M. Ahlfeldt & Nicolai Wendland, 2009. "Looming stations: valuing transport innovations in historical context," LSE Research Online Documents on Economics 25514, London School of Economics and Political Science, LSE Library.
- Stephen Gibbons & Teemu Lyytikainen & Henry G. Overman & Rosa Sanchis-Guarner, 2012.
"New road infrastructure: the effects on firms,"
LSE Research Online Documents on Economics
58527, London School of Economics and Political Science, LSE Library.
- Stephen Gibbons & Teemu Lyytikäinen & Henry Overman & Rosa Sanchis-Guarner, 2012. "New Road Infrastructure: the Effects on Firms," SERC Discussion Papers 0117, Spatial Economics Research Centre, LSE.
- Gibbons, Steve & Lyytikainen, Teemu & Overman, Henry G & Sanchis-Guarner, Rosa, 2016. "New road infrastructure: the effects on firms," CEPR Discussion Papers 11239, C.E.P.R. Discussion Papers.
- Steve Gibbons & Stephen Machin, 2004.
"Valuing Rail Access Using Transport Innovations,"
CEP Discussion Papers
dp0611, Centre for Economic Performance, LSE.
- Gibbons, Stephen & Machin, Stephen, 2005. "Valuing rail access using transport innovations," Journal of Urban Economics, Elsevier, vol. 57(1), pages 148-169, January.
- Stephen Gibbons & Stephen Machin, 2004. "Valuing rail access using transport innovations," LSE Research Online Documents on Economics 19989, London School of Economics and Political Science, LSE Library.
- M. Hashem Pesaran, 2007.
"A simple panel unit root test in the presence of cross-section dependence,"
Journal of Applied Econometrics,
John Wiley & Sons, Ltd., vol. 22(2), pages 265-312.
- Pesaran, M.H., 2003. "A Simple Panel Unit Root Test in the Presence of Cross Section Dependence," Cambridge Working Papers in Economics 0346, Faculty of Economics, University of Cambridge.
- McMillen, Daniel P., 1996. "One Hundred Fifty Years of Land Values in Chicago: A Nonparametric Approach," Journal of Urban Economics, Elsevier, vol. 40(1), pages 100-124, July.
- Vasilis Sarafidis & Donald Robertson, 2009. "On the impact of error cross-sectional dependence in short dynamic panel estimation," Econometrics Journal, Royal Economic Society, vol. 12(1), pages 62-81, 03.
This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.
When requesting a correction, please mention this item's handle: RePEc:cep:sercdp:0158. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.