Hashiguchi, Yoshihiro (2009): Bayesian Estimation of Spatial Externalities Using Regional Production Function: The Case of China and Japan.
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This paper used regional panel data for Chinese provinces from 1979 to 2003, and for Japanese prefectures from 1955 to 1998, to estimate the spatial externalities (or spatial multiplier effects) using a production function and Bayesian methodology, and to investigate the long-run behavior of the spatial externalities of each country. According to the estimation results, China's spatial externalities increased its domestic production significantly after 1994, which tended to increase until 2003. Before 1993, however, its spatial externalities were not significant. Japan's spatial externalities showed fluctuating values throughout the sample period. Furthermore, the movement of the spatial externalities was correlated with Japan's business conditions: the externalities showed a high value in the economic boom, and a low value in the economic depression. This could mean that spatial externalities depend mainly on business conditions.
|Item Type:||MPRA Paper|
|Original Title:||Bayesian Estimation of Spatial Externalities Using Regional Production Function: The Case of China and Japan|
|Keywords:||Spatial Externalities; Bayesian Estimation; Production Function|
|Subjects:||E - Macroeconomics and Monetary Economics > E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment > E23 - Production
N - Economic History > N9 - Regional and Urban History > N95 - Asia including Middle East
C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C11 - Bayesian Analysis: General
|Depositing User:||Yoshihiro Hashiguchi|
|Date Deposited:||16. Oct 2009 07:10|
|Last Modified:||19. Feb 2013 08:22|
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