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.
|Date of creation:||Mar 2014|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.spatialeconomics.ac.uk/SERC/publications/default.asp|
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.:
- 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.
- Ahlfeldt, Gabriel M. & Wendland, Nicolai, 2009.
"Looming stations: Valuing transport innovations in historical context,"
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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
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 references are entirely missing, you can add them using this form.