|
|
|
|
|
| Monchuk, Daniel C.; Hayes, Dermot J.; Miranowski, John A.. |
| This study examines correlates with aggregate county income growth across the 48 contiguous states from 1990 to 2001. Since visual inspection of the variable to be explained shows a clear spatial relationship and to control for potentially endogenous variables, we estimate a two-stage spatial error model. Given the lack of theoretical and asymptotic results for such models, we propose and implement a number of spatial bootstrap algorithms, including one allowing for heteroskedasticity, to infer parameter significance. Among the results of a comparison of the marginal effects in rural versus non-rural counties, we find that outdoor recreation and natural amenities favor positive growth in rural counties, densely populated rural areas enjoy stronger growth,... |
| Tipo: Working or Discussion Paper |
Palavras-chave: County income growth; Rural development; Spatial bootstrapping.. |
| Ano: 2008 |
URL: http://purl.umn.edu/37377 |
| |
|
| |
|
|
|
