Employment, income, migration and public services:A simultaneous spatial panel data model of regional growth

摘要

We estimate a regional spatial panel simultaneous-equations growth model, using a five-step new estimation strategy that generalizes an approach outlined in Kelejian and Prucha. The study region consists of the 418 Appalachian counties 1980-2000. Estimates show feedback simultaneities among the endogenous variables, conditional convergence with respect to the respective endogenous variables, and spatial autoregressive lag and spatial cross-regressive lag effects with respect to the endogenous variables. A key policy conclusion is that sector-specific programs should be integrated and harmonized and that regionally differentiated development policies may yield greater returns than treating all locations the same.