Daniel Felsenstein - Böcker

This title was first published in 2001. Focusing on new industries, policies and new forms of governance, the internationally renowned contributors to this volume examine the factors promoting the sub-national economic growth that is paradoxically occurring in an era of globalization.

This title was first published in 2001. Focusing on new industries, policies and new forms of governance, the internationally renowned contributors to this volume examine the factors promoting the sub-national economic growth that is paradoxically occurring in an era of globalization.

The relationship between public investment and regional economic development is of perennial interest and is particularly topical now as issues of infrastructure and innovation are high on policy agendas in many countries. Public investment is often viewed as a possible method for 'jump-starting' lagging regional economies and also as a requirement for the continued development of more prosperous regions.Public Investment and Regional Economic Development provides a systematic analysis of the complex relationship between public investment and regional economic development. The authors offer new insights into the key issues of regional growth, and present a broad variety of perspectives ranging from transport and housing infrastructure through to human capital and innovation.With contributions from leading regional scientists, and each themed section of the book prefaced with an editorial introduction to ensure coherence, this illuminating book is sure to offer policymakers new research insights into key issues of regional growth. Academics and researchers of urban and regional planning, geography and economic development will also find the book of great interest.

This monograph deals with spatially dependent nonstationary time series in a way accessible to both time series econometricians wanting to understand spatial econometics, and spatial econometricians lacking a grounding in time series analysis. After charting key concepts in both time series and spatial econometrics, the book discusses how the spatial connectivity matrix can be estimated using spatial panel data instead of assuming it to be exogenously fixed. This is followed by a discussion of spatial nonstationarity in spatial cross-section data, and a full exposition of non-stationarity in both single and multi-equation contexts, including the estimation and simulation of spatial vector autoregression (VAR) models and spatial error correction (ECM)  models. The book reviews the literature on panel unit root tests and panel cointegration tests for spatially independent data, and for data that are strongly spatially dependent. It provides for the first time critical valuesfor panel unit root tests and panel cointegration tests when the spatial panel data are weakly or spatially dependent. The volume concludes with a discussion of incorporating strong and weak spatial dependence in non-stationary panel data models. All discussions are accompanied by empirical  testing based on a spatial panel data of house prices in Israel.

1 2 Daniel Felsenstein and Boris A. Portnov 1 Department of Geography, Hebrew University of Jerusalem, Israel 2 Department of Natural Resources and Environmental Management, University of Haifa, Israel During the Candiot War of 1645-1669, the Ottoman Sultan Ibrahim I ordered his chief admiral to attack Malta. Fearing imminent defeat by the superior Venetian forces stationed on the island, the admiral decided to trick the sultan out of the idea. As the story goes, he placed a candle on his naval map, allowing the wax to drip on the tiny island until it was completely covered. Then he exclaimed in false surprise, “Malta Yok!” (There is no Malta!), and convinced the sultan to sail his fleet to the Island of Crete instead. Although Malta is not featured in this volume, most of the countries it covers are of “wax drip” size. Intuitively, it may be expected that everything in small countries is diminutive: distances, population, economies, and even regional inequalities. Thus, at a symposium on “The Challenge of Development” convened in Israel in 1957 to mark the inauguration of a new building for the Department of Economics at the Hebrew University of Jerusalem, the eminent US economist Simon Kuznets stated that “developed small states seem to have succeeded in spreading the fruits of economic growth more widely among their populations than the larger states at comparable levels of income per capita”.