scholarly journals Simulating the impact of transport infrastructure investment on wages: A dynamic spatial panel model approach

2019 ◽  
Vol 75 ◽  
pp. 148-164 ◽  
Author(s):  
Bernard Fingleton ◽  
Nikodem Szumilo
Urban Studies ◽  
2019 ◽  
Vol 57 (13) ◽  
pp. 2646-2662 ◽  
Author(s):  
Bernard Fingleton ◽  
Daniel Olner ◽  
Gwilym Pryce

This paper highlights a number of important gaps in the UK evidence base on the employment impacts of immigration, namely: (1) the lack of research on the local impacts of immigration – existing studies only estimate the impact for the country as a whole; (2) the absence of long-term estimates – research has focused on relatively short time spans – there are no estimates of the impact over several decades, for example; (3) the tendency to ignore spatial dependence of employment which can bias the results and distort inference – there are no robust spatial econometric estimates we are aware of. We aim to address these shortcomings by creating a unique data set of linked Census geographies spanning five Censuses since 1971. These yield a large enough sample to estimate the local impacts of immigration using a novel spatial panel model which controls for endogenous selection effects arising from migrants being attracted to high-employment areas. We illustrate our approach with an application to London and find that no migrant group has a statistically significant long-term negative effect on employment. EU migrants, however, are found to have a significant positive impact, which may have important implications for the Brexit debate. Our approach opens up a new avenue of inquiry into subnational variations in the impacts of immigration on employment.


2020 ◽  
Vol 2020 ◽  
pp. 1-17
Author(s):  
Xiaoming Guo ◽  
Sen Huang ◽  
Yu Wang

The agricultural mechanization development can promote the high-quality development of agriculture, but the agriculture which faces the huge environmental pressure also needs to transform to the green sustainable development. Based on agricultural panel data of 30 provinces in China from the year 2008 to 2017, this paper measures the level of agricultural green transformation using the Malmquist–Luenberger (ML) index. Furthermore, the spatial panel econometric model is used to empirically investigate the impact of agricultural mechanization development on this green transformation. It concludes that the agricultural green transformation in western China shows an upward trend in fluctuations, with its overall transformation level still lower than the national average level. Besides, the agricultural mechanization operation level in the western region has a positive role in promoting the green transformation of agriculture, while the agricultural mechanization equipment level shows the opposite force. Compared with southwest China, the agricultural mechanization operation level in northwest China has a more positive impact. The improvement of farmers’ income and agricultural technology has positive impacts on agriculture green transformation in the whole western region, while agricultural human capital shows an opposite impact on the northwest and southwest.


Author(s):  
Jun Liu ◽  
Yuhui Zhao ◽  
Zhonghua Cheng ◽  
Huiming Zhang

Based on panel data on 285 Chinese cities from 2003 to 2012, we use a dynamic spatial panel model to empirically analyze the effect of manufacturing agglomeration on haze pollution. The results show that when economic development levels, population, technological levels, industrial structure, transportation, foreign direct investment, and greening levels are stable, manufacturing agglomeration significantly aggravates haze pollution. However, region-specific analysis reveals that the effects of manufacturing agglomeration on inter-regional haze pollution depends on the region: the effect of manufacturing agglomeration on haze pollution is the largest in the Western region, followed by the Central region, and is the least in the Eastern region. Based on the above conclusions, we put forward several specific suggestions, such as giving full play to the technology and knowledge spillover effects of manufacturing agglomeration, guiding manufacturing agglomerations in a scientific and rational way, accelerating the transformation and upgrading of manufacturing industries in agglomeration regions.


Author(s):  
Chen-Chen Yong ◽  
Siew-Yong Yew ◽  
Xin Huang ◽  
Mui-Yin Chin

China is currently the major foreign direct investment (FDI) destination arising from her open door policies since 1978. FDI has become a large impetus to China’s economic growth. However, the geographical distribution of FDI in China is severely biased with 83% concentrated in the eastern region. This is a result of not only differences in locational advantages but also the result of the initiating policies and temporal differences of FDI inflows among the regions. This study aims to examine the determinants of FDI and examine empirically the possible coherent policies for the three regions of China (Eastern, Central and Western) using the spatial panel analysis for the data within the period of 1994 to 2008. The empirical results show that the determinants of FDI vary among the three regions, depending on the motives of the investor and the results of policy bias. The entrepreneurial nature of competition of FDI among the provinces revealed by the spatial FDI factor is a conclusion that cannot be ignored. A more coherent policy on FDI inflows into China is an urgent necessity, though the policies for each region must be, of necessity, different for each of the three regions.   Keywords: Foreign Direct Investment, China, Spatial panel model, spatial variables JEL: F14, C33


2017 ◽  
Vol 3 (329) ◽  
Author(s):  
Alicja Anna Olejnik

Recent findings emphasise the importance of localised returns to scale for the regional growth as well as for the agglomeration processes. However, it is still not well established whether returns to scale are constant or increasing, and to what extent. Therefore, in this study we apply specification which describes the productivity growth with the growth of output through the Verdoorn’s law. This study aims to provide some new estimates of the degree of returns to scale for EU regions. Our findings show that the hypothesis of increasing returns to scale is still valid in today’s EU economy. To test the hypothesis, we have employed the Multidimensional Spatial Panel Durbin Model with Spatial Fixed Effects. The research is conducted for 261 regions of the EU 28. The paper concludes that increasing returns to scale in EU regions are substantial.


2016 ◽  
Vol 6 (3) ◽  
pp. 304-318 ◽  
Author(s):  
Hua Wang ◽  
Junjun Zhu

Purpose – The purpose of this paper is to analyze the influence of different forms of RMB foreign exchange rates on Chinese foreign trade. Design/methodology/approach – This paper constructed spatial panel model and Markov Chain Monte Carlo estimation method and collected the data of 25 countries’ (including China) quarterly macroeconomic data from first quarter of 1993 until third quarter of 2013 to conduct the data analysis. Findings – This paper finds that USD/CNY, which is widely used in trade settlement, is more significant in effecting Chinese export. Totally, 1 percent appreciation of CNY against USD will lead to 1.532 percent decline of Chinese export, while 1 percent appreciation of CNY NEER only 0.42 percent. What is more, 1 percent increases of the volatility of USD/CNY results in 0.579 percent decline of Chinese export. As policy suggestions, we should further reform the foreign exchange derivative market in China, and provide more currency derivatives, so that the ability of Chinese economy to deal with foreign exchange risk could be improved. Research limitations/implications – Effect of exchange rate on imports and exports relates to the future direction of China’s exchange rate policy. This paper claims that China should accelerate the construction of foreign exchange derivatives market, improving the ability to respond quickly to foreign currency risk. Practical implications – First, denominated exchange rate has more significant impact on the Chinese export trade to other countries than effective exchange rate. Second, the RMB exchange rate fluctuations also significantly affect the export trade. Third, China’s import and export trade have significant spatial effect. Social implications – This paper recommends the construction of the RMB currency futures market as soon as possible, providing a richer foreign exchange derivatives and other risk hedging instruments, thus to enhance the ability to respond to exchange rate risks. Originality/value – This paper uses spatial panel model with the refined data to study various factors on the import and export trade, and thus more comprehensive analysis on the impact of the exchange rate on the import and export trade with other major countries.


Sign in / Sign up

Export Citation Format

Share Document