Title | ||
---|---|---|
Nonlinear regional economic dynamics: continuous-time specification, estimation and stability analysis. |
Abstract | ||
---|---|---|
This paper presents an innovative approach to the study of regional economic dynamics within a nonlinear continuous-time econometric
framework—a generalized specification of the Lotka–Volterra system of equations. This specification, which accounts for interdependent
behavior of three industrial sectors and spillover effects of activities in neighboring regions, is employed in an analysis
of five Italian regions between 1980 and 2003. For these regions, we report estimation results, characterize the varying systems
dynamics, analyze the models’ local and global stability properties, and determine via sensitivity analyses which structural
features appear to exert the greatest influence on these properties. |
Year | DOI | Venue |
---|---|---|
2007 | 10.1007/s10109-007-0049-x | Journal of Geographical Systems |
Keywords | Field | DocType |
spatial econometrics,system of equations,regional economics,system dynamics,spillover effect,stability analysis | Econometrics,Interdependence,Spatial econometrics,Mathematical economics,Nonlinear system,System of linear equations,System dynamics,Spillover effect,Geography | Journal |
Volume | Issue | ISSN |
9 | 4 | 1435-5949 |
Citations | PageRank | References |
1 | 0.35 | 1 |
Authors | ||
3 |
Name | Order | Citations | PageRank |
---|---|---|---|
Gianfranco Piras | 1 | 8 | 3.26 |
Kieran P. Donaghy | 2 | 3 | 1.73 |
Giuseppe Arbia | 3 | 38 | 8.79 |