{"title":"ISSUE INFORMATION","authors":"","doi":"10.1111/rurd.12078","DOIUrl":"https://doi.org/10.1111/rurd.12078","url":null,"abstract":"","PeriodicalId":39676,"journal":{"name":"Review of Urban and Regional Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/rurd.12078","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48376024","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
I. Ahmed, C. Socci, F. Severini, Qaiser Rafique Yasser, R. Pretaroli
This study constructs a social accounting matrix for Nigeria for 2010. An extended multisectoral model is calibrated to analyze the backward (power) and forward (sensitivity) dispersion to identify the key industries in the economy and their importance to other industries in the economy. The study identifies financial services as one of the key industries of the Nigerian economy, highlighting its greater importance and role in boosting economic growth. Several policy options may be simulated to investigate the spillover effects in the whole economy.
{"title":"FINANCIAL LINKAGES IN THE NIGERIAN ECONOMY: AN EXTENDED MULTISECTORAL MODEL ON THE SOCIAL ACCOUNTING MATRIX","authors":"I. Ahmed, C. Socci, F. Severini, Qaiser Rafique Yasser, R. Pretaroli","doi":"10.1111/RURD.12081","DOIUrl":"https://doi.org/10.1111/RURD.12081","url":null,"abstract":"This study constructs a social accounting matrix for Nigeria for 2010. An extended multisectoral model is calibrated to analyze the backward (power) and forward (sensitivity) dispersion to identify the key industries in the economy and their importance to other industries in the economy. The study identifies financial services as one of the key industries of the Nigerian economy, highlighting its greater importance and role in boosting economic growth. Several policy options may be simulated to investigate the spillover effects in the whole economy.","PeriodicalId":39676,"journal":{"name":"Review of Urban and Regional Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/RURD.12081","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47655794","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Recent empirical studies have shown that investigation is required to identify the determinants of industrial location on a spatially detailed scale for disaggregated regional units, such as cities or counties. The existing literature establishes the necessity for considering spatial dependence among proximal location units; however, few studies have employed this process for Japan. We empirically show the main determinants of new entries of production bases in 1,652 local municipalities in Japan from 2012 to 2015. We also address the existence of spatial dependence by adopting a spatial econometric approach, which has an impact on the location determination process. Some location determinants of neighboring municipalities, related to economic agglomeration, have a significant impact on the new entries of production bases belonging to the heavy industry, while no significant impact is observed in the light industry. Unobserved and spatially dependent determinants have a significantly positive impact on new production bases in both industries, particularly in disaster†stricken areas.
{"title":"SPATIAL MODELING OF INDUSTRIAL LOCATION DETERMINANTS IN JAPAN: EMPIRICAL ANALYSIS USING SPATIAL ECONOMETRIC APPROACHES","authors":"Keisuke Takano, M. Tsutsumi, Yasuaki Kikukawa","doi":"10.1111/RURD.12073","DOIUrl":"https://doi.org/10.1111/RURD.12073","url":null,"abstract":"Recent empirical studies have shown that investigation is required to identify the determinants of industrial location on a spatially detailed scale for disaggregated regional units, such as cities or counties. The existing literature establishes the necessity for considering spatial dependence among proximal location units; however, few studies have employed this process for Japan. We empirically show the main determinants of new entries of production bases in 1,652 local municipalities in Japan from 2012 to 2015. We also address the existence of spatial dependence by adopting a spatial econometric approach, which has an impact on the location determination process. Some location determinants of neighboring municipalities, related to economic agglomeration, have a significant impact on the new entries of production bases belonging to the heavy industry, while no significant impact is observed in the light industry. Unobserved and spatially dependent determinants have a significantly positive impact on new production bases in both industries, particularly in disaster†stricken areas.","PeriodicalId":39676,"journal":{"name":"Review of Urban and Regional Development Studies","volume":"30 1","pages":"26-43"},"PeriodicalIF":0.0,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/RURD.12073","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49551888","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A large literature exists on the relationship between financial development and economic growth. However, the role of government and public banks in building this relationship has remained contentious. In a sub†national level analysis in the Indian context, we raise the question: What is the relative impact of public banks in economic growth in the lagging regions vis†A †vis leading regions? Do they matter more than private and foreign banks? To address these problems, we apply a dynamic generalized method of moments panel estimation to an unbalanced panel dataset drawn from 25 Indian states covering the period 1996/97 to 2008/09. Although our study focuses on the Indian context, it is relevant to developing countries for two main reasons: government ownership of banks is prevalent in developing countries; and in many large countries with a federation set†up inter†state differences may exist with multiple ownership of the financial sector.
{"title":"DO PUBLIC SECTOR BANKS PROMOTE REGIONAL GROWTH? EVIDENCE FROM AN EMERGING ECONOMY","authors":"Rashmi U. Arora, K. Wondemu","doi":"10.1111/RURD.12076","DOIUrl":"https://doi.org/10.1111/RURD.12076","url":null,"abstract":"A large literature exists on the relationship between financial development and economic growth. However, the role of government and public banks in building this relationship has remained contentious. In a sub†national level analysis in the Indian context, we raise the question: What is the relative impact of public banks in economic growth in the lagging regions vis†A †vis leading regions? Do they matter more than private and foreign banks? To address these problems, we apply a dynamic generalized method of moments panel estimation to an unbalanced panel dataset drawn from 25 Indian states covering the period 1996/97 to 2008/09. Although our study focuses on the Indian context, it is relevant to developing countries for two main reasons: government ownership of banks is prevalent in developing countries; and in many large countries with a federation set†up inter†state differences may exist with multiple ownership of the financial sector.","PeriodicalId":39676,"journal":{"name":"Review of Urban and Regional Development Studies","volume":"30 1","pages":"66-87"},"PeriodicalIF":0.0,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/RURD.12076","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49198963","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Population outflow is one of the greatest challenges faced in the areas affected by the 2011 Great East Japan Earthquake and Tsunami. This study developed a location choice model to analyze the factors underlying population migration in the disaster areas. Individual data was collected from residents who were living in disaster areas at the time of the earthquake and tsunami. The main factors of location choice behavior, suggested by the estimation result, were residential social networks, severity of damage, and greater income opportunities in new locations. The results also suggested that high income and younger age are factors of ordinary out†migration from these areas, regardless of the occurrence of a disaster. However, residence in a municipality with a small population that offers limited employment opportunities is a particular factor that accelerates out†migration when that area is impacted by a disaster.
{"title":"Economic Analysis Of Population Migration Factors Caused By The Great East Japan Earthquake And Tsunami","authors":"Yasuo Kawawaki","doi":"10.1111/RURD.12075","DOIUrl":"https://doi.org/10.1111/RURD.12075","url":null,"abstract":"Population outflow is one of the greatest challenges faced in the areas affected by the 2011 Great East Japan Earthquake and Tsunami. This study developed a location choice model to analyze the factors underlying population migration in the disaster areas. Individual data was collected from residents who were living in disaster areas at the time of the earthquake and tsunami. The main factors of location choice behavior, suggested by the estimation result, were residential social networks, severity of damage, and greater income opportunities in new locations. The results also suggested that high income and younger age are factors of ordinary out†migration from these areas, regardless of the occurrence of a disaster. However, residence in a municipality with a small population that offers limited employment opportunities is a particular factor that accelerates out†migration when that area is impacted by a disaster.","PeriodicalId":39676,"journal":{"name":"Review of Urban and Regional Development Studies","volume":"30 1","pages":"44-65"},"PeriodicalIF":0.0,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/RURD.12075","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47503448","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study examines the consistency and gaps in national and regional business cycles in Japan from a Bayesian point of view. The Tokyo monopolar system started in the mid†1970s, and recent descriptive statistics, such as migration and per capita income, show that the system continues, despite severe crises such as the burst of the 1990s economic bubble and the Lehman Brothers bankruptcy. We explore the relationship between national and regional business cycles in the system using a spatio†temporal Markov†switching model with the Markov chain Monte Carlo method. Our empirical results show that overall, the regional business cycle in the Kanto region, including Tokyo, is identical to the national business cycle. Moreover, we find that switches in the degree of spatial dependency occur around the turning points of business cycles, and that the degree of spatial dependency tends to be higher during a recession.
{"title":"REGIONAL GROWTH AND BUSINESS CYCLES IN JAPAN","authors":"Yoshihiro Ohtsuka, Kazuhiko Kakamu","doi":"10.1111/RURD.12072","DOIUrl":"https://doi.org/10.1111/RURD.12072","url":null,"abstract":"This study examines the consistency and gaps in national and regional business cycles in Japan from a Bayesian point of view. The Tokyo monopolar system started in the mid†1970s, and recent descriptive statistics, such as migration and per capita income, show that the system continues, despite severe crises such as the burst of the 1990s economic bubble and the Lehman Brothers bankruptcy. We explore the relationship between national and regional business cycles in the system using a spatio†temporal Markov†switching model with the Markov chain Monte Carlo method. Our empirical results show that overall, the regional business cycle in the Kanto region, including Tokyo, is identical to the national business cycle. Moreover, we find that switches in the degree of spatial dependency occur around the turning points of business cycles, and that the degree of spatial dependency tends to be higher during a recession.","PeriodicalId":39676,"journal":{"name":"Review of Urban and Regional Development Studies","volume":"30 1","pages":"1-25"},"PeriodicalIF":0.0,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/RURD.12072","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46618884","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A damaging property of the two‐sector, mobile capital Harris–Todaro model (known as the Corden–Findlay model) is that growth in capital (labor) endowment accentuates (mitigates) urban unemployment in a dual economy, limiting the model's applicability to the field of trade and development. To resolve this problem, we introduce the informal credit market, which provides consumption loans to rural workers during the lean season. The informal interest rate is endogenously determined from the maximizing behavior of the informal sector lender. Factor accumulations produce their expected results on the absolute level of urban unemployment, while poverty eradication programs raise the informal interest rate and diminish borrowers' welfare under a wide range of parametric values. Finally, a wage subsidy policy to the urban sector unambiguously lowers the informal interest rate. Urban unemployment decreases while worker welfare improves under reasonable conditions. The result on unemployment is contrary to results of the Corden–Findlay model.
{"title":"HOW COULD THE CREDIBILITY OF THE HARRIS–TODARO MODEL BE IMPROVED?","authors":"Sarbajit Chaudhuri","doi":"10.1111/RURD.12071","DOIUrl":"https://doi.org/10.1111/RURD.12071","url":null,"abstract":"A damaging property of the two‐sector, mobile capital Harris–Todaro model (known as the Corden–Findlay model) is that growth in capital (labor) endowment accentuates (mitigates) urban unemployment in a dual economy, limiting the model's applicability to the field of trade and development. To resolve this problem, we introduce the informal credit market, which provides consumption loans to rural workers during the lean season. The informal interest rate is endogenously determined from the maximizing behavior of the informal sector lender. Factor accumulations produce their expected results on the absolute level of urban unemployment, while poverty eradication programs raise the informal interest rate and diminish borrowers' welfare under a wide range of parametric values. Finally, a wage subsidy policy to the urban sector unambiguously lowers the informal interest rate. Urban unemployment decreases while worker welfare improves under reasonable conditions. The result on unemployment is contrary to results of the Corden–Findlay model.","PeriodicalId":39676,"journal":{"name":"Review of Urban and Regional Development Studies","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2017-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/RURD.12071","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"63727537","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In this paper, we analyze some correlates of urbanization in Lagos resulting from rural-urban migration. We provide empirical evidence to show that the gross domestic product of Lagos State is insignificant in determining the pace of rural-urban led urbanization. However, urbanization significantly reduces as state government expenditure on housing and modern health is increased. Conversely, urbanization rises when the state government increases spending on education and transportation. Therefore, education and modern transportation provisions by the government of Lagos are critical toward urbanization drive of the State.
{"title":"Some Correlates Of Rural-Urban Led Urbanization In Lagos, Nigeria","authors":"D. Oke, Koye Gerry Bokana, O. Shobande","doi":"10.1111/RURD.12067","DOIUrl":"https://doi.org/10.1111/RURD.12067","url":null,"abstract":"In this paper, we analyze some correlates of urbanization in Lagos resulting from rural-urban migration. We provide empirical evidence to show that the gross domestic product of Lagos State is insignificant in determining the pace of rural-urban led urbanization. However, urbanization significantly reduces as state government expenditure on housing and modern health is increased. Conversely, urbanization rises when the state government increases spending on education and transportation. Therefore, education and modern transportation provisions by the government of Lagos are critical toward urbanization drive of the State.","PeriodicalId":39676,"journal":{"name":"Review of Urban and Regional Development Studies","volume":"29 1","pages":"185-195"},"PeriodicalIF":0.0,"publicationDate":"2017-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/RURD.12067","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45689948","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
By way of a background to this commentary, the recent history of central place theory is briefly reviewed. Drawing on the work of Christaller and Losch, attention is initially focused on the particular characteristics of central place goods and on the spatial distribution of their supply. With the aid of export-base analysis, a distinction is made between central places and specialized function centers, leading to the contention that in contemporary urban systems the central place structure represents one component of a more extensive urban system. Further perspectives on central place theory are revealed by examining some of its deficiencies. In this connection, a distinction is made between limitations inherent to the theory and areas where the theory is deemed to be incomplete or otherwise inadequate. While central place theory is in need of elaboration and extension, it continues to represent a valuable framework within location theory and urban and regional analysis.
{"title":"CENTRAL PLACE THEORY: AN EVALUATION","authors":"J. Parr","doi":"10.1111/RURD.12066","DOIUrl":"https://doi.org/10.1111/RURD.12066","url":null,"abstract":"By way of a background to this commentary, the recent history of central place theory is briefly reviewed. Drawing on the work of Christaller and Losch, attention is initially focused on the particular characteristics of central place goods and on the spatial distribution of their supply. With the aid of export-base analysis, a distinction is made between central places and specialized function centers, leading to the contention that in contemporary urban systems the central place structure represents one component of a more extensive urban system. Further perspectives on central place theory are revealed by examining some of its deficiencies. In this connection, a distinction is made between limitations inherent to the theory and areas where the theory is deemed to be incomplete or otherwise inadequate. While central place theory is in need of elaboration and extension, it continues to represent a valuable framework within location theory and urban and regional analysis.","PeriodicalId":39676,"journal":{"name":"Review of Urban and Regional Development Studies","volume":"29 1","pages":"151-164"},"PeriodicalIF":0.0,"publicationDate":"2017-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/RURD.12066","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48576021","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Prior studies estimating the impact of amenity accessibility on residential property prices have largely treated housing as a homogenous commodity; however, there is strong evidence that differentiation in metropolitan housing submarkets matters. Using a hedonic pricing approach and controlling for spatial effects, this paper examines the preferences of house and apartment buyers regarding amenity accessibility in Brooklyn, New York, between 2008 and 2013. Amenity preferences between the two types of homebuyers are indeed different. The marginal implicit value of accessibility to cultural amenities is greater to apartment than house buyers, while the marginal implicit value of workplace amenity accessibility is greater to house than apartment buyers. The results illustrate the importance of differentiating housing submarkets when estimating these impacts. Urban policy-makers and real estate developers can use these results to inform land use planning in metropolitan areas aimed at further increasing residential property values.
{"title":"DO PREFERENCES FOR AMENITIES DIFFER AMONG HOME BUYERS? A HEDONIC PRICE APPROACH","authors":"P. Araujo, K. Cheng","doi":"10.1111/RURD.12061","DOIUrl":"https://doi.org/10.1111/RURD.12061","url":null,"abstract":"Prior studies estimating the impact of amenity accessibility on residential property prices have largely treated housing as a homogenous commodity; however, there is strong evidence that differentiation in metropolitan housing submarkets matters. Using a hedonic pricing approach and controlling for spatial effects, this paper examines the preferences of house and apartment buyers regarding amenity accessibility in Brooklyn, New York, between 2008 and 2013. Amenity preferences between the two types of homebuyers are indeed different. The marginal implicit value of accessibility to cultural amenities is greater to apartment than house buyers, while the marginal implicit value of workplace amenity accessibility is greater to house than apartment buyers. The results illustrate the importance of differentiating housing submarkets when estimating these impacts. Urban policy-makers and real estate developers can use these results to inform land use planning in metropolitan areas aimed at further increasing residential property values.","PeriodicalId":39676,"journal":{"name":"Review of Urban and Regional Development Studies","volume":"29 1","pages":"165-184"},"PeriodicalIF":0.0,"publicationDate":"2017-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/RURD.12061","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48913383","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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