Abstract:
Professor Mutl will give a talk based on his paper of the same name (co-authored by Eckhardt Bode). This paper proposes a new approach for testing nonlinear New Economic Geography (NEG) models. The approach maps all equilibrium conditions of an NEG model into an estimable spatial autoregressive model of order one – SAR(1) model – in regional wages, which reflects the sensitivity, predicted by the NEG model, of each region's wage rate to a wage shock elsewhere. The approach also facilitates testing selected features of the NEG model separately. An illustration shows that the Krugman model does not fit the data for US counties 1990-2005 because it does not predict the migration patterns triggered by wage shocks correctly.
Speaker:
Professor Jan Mutl, EBS Business School
Biography:
Professor Jan Mutl is the Managing Director of the EBS Real Estate Management Institute in the EBS Universität für Wirtschaft & Recht.
Primary Fields of Interests
Empirical Research in Regional and Real Estate Economics
Quantitative Methods - Panel Data and Spatial Econometrics
Academic Experience
Since 01/2015 Managing Director, Real Estate Management Institute, EBS University
Since 01/2011 Assistant Professor of Real Estate Economics, EBS University, Germany
12/13 – 1/14 Visiting Researcher, University of Franche-Comté, Besançon, France
Spring 2010 Visiting Professor, Université d’Orléans, France
09/08 - 12/10 Economist, Institute for Advanced Studies, Vienna, Austria
Spring 2008 Visiting Professor, State University of New York, Albany, USA
08/03 - 08/08 Assistant Professor, Goethe University Frankfurt, Germany
Business Experience
1998 - 2003 Research Fellow, Center for a Sustainable Economy, Washington DC, USA
1993 - 1995 Equity Analyst, Atlantik Financni Trhy, Brno, Czech Republic