Exogenous and endogenous spatial growth models

Bal, Frans; Nijkamp, Peter

doi:10.1007/s001680050063

Cited by 8 publications

(3 citation statements)

References 25 publications

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“…Indeed, the presence of what have come to be called 'knowledge workers' sometimes defines such industries (see Markusen et al, 2001;and Hecker, 1999). In the regional economic development literature, the geographical distribution of knowledge workers is hypothesised to be a key driver of existing and future spatial patterns of regional growth (Nijkamp and Post, 1998;Bal and Nijkamp, 1998;Mathur, 1999;Florida, 2000Florida, , 2002. Thus, there is considerable value in characterising the knowledge-oriented attributes of occupations, given that occupational data are a key source of information on regional labour pools.…”

Section: Occupational Cluster Methodologymentioning

confidence: 99%

What Regions Do Rather than Make: A Proposed Set of Knowledge-based Occupation Clusters

Feser¹

2003

Urban Studies

138

162

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With the expansion of knowledge-intensive industries in the US, along with intensifying focus on workforce development policy as an economic development strategy, occupations are increasingly being used as basic units of analysis in applied studies of urban and regional economies. An heretofore underappreciated component of occupation-based regional analysis is the need to understand relationships, similarities and dissimilarities among occupations themselves, so that they may be aggregated or grouped in theoretically and empirically meaningful ways. This paper lays out a conceptual framework and empirical approach to identifying knowledge-based occupation clusters, or groups of occupations that share the same broad knowledge characteristics. Following an application of the clusters to a comparison of labour pools in a selected 38 metropolitan economies, the paper discusses the clusters' general value for regional economic analysis, especially their utility as an intermediate step in applied industry cluster analyses where necessary regional occupation data are limited.

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Section: Occupational Cluster Methodologymentioning

confidence: 99%

What Regions Do Rather than Make: A Proposed Set of Knowledge-based Occupation Clusters

Feser¹

2003

Urban Studies

138

162

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“…The exogenous growth model is associated with technology, capital formation, and labor productivity with economic growth in addition to the enhancement of human capital. Many economic growth models have emphasized the latest technology, where new technology means financial technology with digitalization, ATMs, and online banking [17].…”

Section: Financial Inclusion and Economic Growthmentioning

confidence: 99%

Effects of Financial Inclusion on Economic Growth, Poverty, Sustainability, and Financial Efficiency: Evidence from the G20 Countries

et al. 2022

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The main purpose of this study is to scrutinize the effect of financial inclusion on financial sustainability, financial efficiency, gross domestic product, and human development in the context of G20 nations. This study has employed annual data of 15 developed and emerging economies during the period from 2004 to 2017. The current study has utilized a single index for financial inclusion, financial sustainability, and financial efficiency by employing principal composite analysis (PCA). The outcomes of the panel stationarity test confirmed the ARDL model for both the long and short runs. Equally, the findings of the ARDL Model 1 showed no association between financial inclusion and financial sustainability in the short run, however, in the long run, inclusive finance showed a significant impact on sustainability. Likewise, the ARDL Model 2 showed that financial inclusion has no effect on efficiency in the short run, while it positively influenced financial efficiency in the long run. The results of the ARDL Model 3 are also similar to Models 1 and 2 where inclusive finance showed no effect on poverty in the short run, but a significant effect in long run. Similarly, the ARDL Model 4 also presented no association between GDP and inclusive finance in the short run, while it showed significant relationships in the long run. Moreover, the outcomes of the GMM Model 1 showed a significant impact of inclusive finance on financial stability, and these results were similar to the GMM Model 2 between financial inclusion and financial efficiency. Additionally, GMM Models 3 and 4 have shown that inclusive finance has a statistically significant impact on poverty and economic expansion, respectively. The outcomes of this article are essential for policymakers, academics, regulators, and practitioners with valuable and convincing debate over financial inclusion, economic growth, poverty, sustainability, and financial efficiency.

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“…It is noteworthy that Bal and Nijkamp (1998) show that when two "island economies" have a common labour market the speed of adjustment on sudden changes in one of the markets affects the utility obtained by each region. Important is that when two regions are economically competing with each other via a Bertrand duopolistic market form, both will prefer an instantaneous adjustment to the behaviour of the other region.…”

Section: Market Area and Value Transfermentioning

confidence: 99%

Winners and Losers in Spatial Duopoly Markets: The Relevance of a Value Transfer Approach

Bal¹,

Nijkamp²

2018

New Analytical Advances in Transportation and Spatial Dynamics

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The effect of economic behaviour of different actors on the size of a market area is a classical subject of study in regional economics and over the years many studies have been published on this subject. Regional market differences are not only relevant in (location-) allocation theory, but they may also offer intriguing research opportunities for value transfer analysis. In our study a fresh look will be taken at the key forces determining the size of a market area and its implications and possibilities for value transfer. We will address in particular the combination of price competition (modelled by using a modified Bertrand duopoly model) and transport costs. In the paper, Hotelling's duopolistic allocation model will act as the basis for further theorizing. The reasons for the emergence of regional duopoly markets will be investigated by using the willingness-to-pay of households. A modified duopolistic model to analyze also the effects of choice behaviour under conditions of congestion will be placed in the context of earlier research on these types of models, while its implications for value transfer will be traced. Throughout the paper, a strictly formal approach will be adopted in order to identify the general conditions under which value transfer is feasible.

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Exogenous and endogenous spatial growth models

Cited by 8 publications

References 25 publications

What Regions Do Rather than Make: A Proposed Set of Knowledge-based Occupation Clusters

What Regions Do Rather than Make: A Proposed Set of Knowledge-based Occupation Clusters

Effects of Financial Inclusion on Economic Growth, Poverty, Sustainability, and Financial Efficiency: Evidence from the G20 Countries

Winners and Losers in Spatial Duopoly Markets: The Relevance of a Value Transfer Approach

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