Nonsurvey Methods for Projecting the Input-Output System at a Small-Region Level: Two Alternative Approaches

Article Abstract:

Research on the simulation of input-output tables at small region levels has proliferated. Location quotient methods are most often used to simulate the economy of a small region. Methods of estimating self-sufficiency are explained. The location quotient method has a few problems: The force of the export orientation is not evidenced in determining trading coefficients, and the sum of small regions' net exports will not always match that of larger regions. To avoid these difficulties, a two region input-output approach can be used, but its worth is restricted to two region cases. A model is developed in this research, using regression analysis, and applied to cases based on Japanese data. Tables of industrial classification data, estimation results, error by sector data and bias data are featured. The model developed with regression is far superior to the one based on location quotient methods.

Models, Japan, Production functions (Economics), Bias (Law)

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Flexible form methods for measuring rent gradients

Article Abstract:

A simple Generalized Fechner-Thurstone utility framework was developed to measure rent gradients in the presence of varying household tastes for distance to the city center. Measures of rent gradients and price and owner elasticities were easily derived even in the presence of consumers with nonidentical preferences. A technique for testing bias in rent gradient estimation caused by the assumption of identical preference functions was demonstrated.

Utility theory, Utility functions, Economic rent

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The market value of environmental improvements in alternative fiscal regimes

Article Abstract:

Land price differentials have traditionally been used to represent the value of environmental improvements in cost benefit analysis. However, empirical and theoretical studies have neglected the facts that taxes financing local improvements are often distortionary and amenities influencing property values affect the fiscal budget. Cross-sectional property value equations are offered as a valid approach to amenity measurements.

Environmental impact analysis, Land value taxation

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