An Econometric Approach for Evaluating Spatial Equilibrium Models

评估空间均衡模型的计量经济学方法

• 批准号: 9808951
• 负责人: Holger Sieg
• 金额: $ 15.47万
• 依托单位: Duke University
• 依托单位国家: 美国
• 项目类别: Continuing Grant
• 财政年份: 1998
• 资助国家: 美国
• 起止时间: 1998-11-15 至 2001-10-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=9808951&HistoricalAwards=false
• 关键词: Econometric; Approach; Evaluating; Spatial; Equilibrium

Spatial equilibrium models have been analyzed extensively in public finance, urban and environmental economics. While economists have gained a good understanding of the theoretical properties of these models, there is an apparent need to estimate and test these models. This project is an effort in that direction. Building on work by Epple and Sieg the empirical approach outlined fully specifies and estimates a general equilibrium model. As such, it allows for the potential endogeneity of public good provisions, housing prices, tax rates and the underlying distribution of agents across communities. Parameter estimates obtained by estimation of the structural model can then be used in simulations of alternative policy regimes. The research has been organized to meet the following objectives: The project provides a methodological contribution to research in public finance by developing a new empirical approach for analyzing the impact of locally provided public goods and other locational amenities on residential decisions of households in system of jurisdictions. It develops a class of spatial equilibrium estimators which allow for the endogeneity of community characteristics. This research provides an analytical framework for applied policy analysis. Based on the estimation results, one can simulate the benefits of policy interventions like improvement of educational achievements in local schools, crime prevention, improvements of air and water quality. Benefit measures are behaviorally consistent since they account for general equilibrium effects. This approach provides a unified framework for measuring the impact of government policy on the socio economic composition of communities and neighborhoods. It can therefore be used to evaluate the distributional effects of these policies. By gathering a unique data set which combines available information from different sources like the census, government agencies and commercially available data on housing transactions, this approach avoids some of the data problems which have plagued previous research.

空间均衡模型在公共财政学、城市经济学和环境经济学中得到了广泛的分析。虽然经济学家已经对这些模型的理论性质有了很好的理解，但显然需要对这些模型进行估计和测试。这个项目就是朝这个方向努力的结果。以Epple和Sieg的工作为基础，概述的实证方法充分规定和估计了一般均衡模型。因此，它考虑到公共产品条款、房价、税率和跨社区代理的潜在分布的潜在内质性。通过结构模型的估计获得的参数估计可以用于模拟备选政策制度。该研究的组织是为了达到下列目标：该项目通过发展一种新的经验方法来分析当地提供的公共物品和其他地点便利设施对司法系统内家庭居住决定的影响，从而为公共财政研究提供了方法上的贡献。它发展了一类空间平衡估计，允许群落特征的内生性。本研究为应用政策分析提供了一个分析框架。根据估算结果，人们可以模拟政策干预的好处，如提高当地学校的教育成绩、预防犯罪、改善空气和水的质量。效益衡量在行为上是一致的，因为它们解释了一般均衡效应。这种方法为衡量政府政策对社区和邻里的社会经济构成的影响提供了一个统一的框架。因此，它可以用来评估这些政策的分配效应。通过收集一个独特的数据集，该数据集结合了来自不同来源的可用信息，如人口普查、政府机构和住房交易的商业数据，这种方法避免了一些困扰以前研究的数据问题。