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来源类型Working Paper
规范类型报告
DOI10.3386/w27287
来源IDWorking Paper 27287
Spatial Economics for Granular Settings
Jonathan I. Dingel; Felix Tintelnot
发表日期2020-06-01
出版年2020
语种英语
摘要We examine the application of quantitative spatial models to the growing body of fine spatial data used to study economic outcomes for regions, cities, and neighborhoods. In “granular” settings where people choose from a large set of potential residence-workplace pairs, idiosyncratic choices affect equilibrium outcomes. Using both Monte Carlo simulations and event studies of neighborhood employment booms, we demonstrate that calibration procedures that equate observed shares and modeled probabilities perform very poorly in such settings. We introduce a general-equilibrium model of a granular spatial economy. Applying this model to Amazon's proposed HQ2 in New York City reveals that the project's predicted consequences for most neighborhoods are small relative to the idiosyncratic component of individual decisions in this setting. We propose a convenient approximation for researchers to quantify the “granular uncertainty” accompanying their counterfactual predictions.
主题Econometrics ; Estimation Methods ; International Economics ; Trade ; Regional and Urban Economics ; Regional Economics
URLhttps://www.nber.org/papers/w27287
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/584958
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GB/T 7714
Jonathan I. Dingel,Felix Tintelnot. Spatial Economics for Granular Settings. 2020.
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