New Economic Geography and Regional Price Level

Arbeitspapier

In view of the lack of area-wide regional price data, Aten and Heston (2005) adopted an econometric approach in estimating regional price level from an international perspective. At a regional level, however, spatial economic theory may contribute to advancement in explaining price level determination. Recently, the market potential approach as an essential element of NEG models has been employed for explaining observed regional land prices (Brakman et al., 2004). The present paper relies on the price mechanisms of the Helpman model (Helpman, 1998) in developing spatial-econometric models for regional price level and its major components. By evaluating a south German sample, first evidence on the empirical significance of NEG-based price level models is provided.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Volkswirtschaftliche Diskussionsbeiträge ; No. 78

Classification and Topics

• Classification: Wirtschaft ; Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions ; General Equilibrium and Welfare Economic Analysis of Regional Economies ; Housing Supply and Markets
• Subject: Regional price level ; Helpman model ; spatial-econometric models ; ESDA ; Neue ökonomische Geographie ; Regionale Konzentration ; Räumliche Preistheorie ; Bayern

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Kosfeld, Reinhold ; Eckey, Hans-Friedrich ; Türck, Matthias
• Event: Veröffentlichung
• (who): Universität Kassel, Fachbereich Wirtschaftswissenschaften
• (where): Kassel
• (when): 2005

Further information

• Handle: http://hdl.handle.net/10419/32131
• Last update: 10.03.2025, 11:42 AM CET