The economic literature shows a growing interest on investigating the regional economic performance as a result of changes in macroeconomic policy i.e. monetary and fiscal. The contributions are grounded primarily on VAR models and hence provide empirical insights. The motivation behind rests in the recognition that a better and deeper knowledge about the regional effects may help design a more accurate macro policy. Initial investigations highlight the heterogeneous responses but more research is needed to put at work not only new empirical methodologies but also theoretical economic models.
I am not good at regional work but i prefer to learn from you if possible.
I see you work with panel data models and that opens the possibility to smoothly transit to applied research in regional and spatial analysis. Also trade policy is of importance to understand regional economic performance. You are welcome to share efforts in this research proposal.
This study can be more illuminating if it is conducted through building a regionally grounded macroeconomic model. I would like to be a part of this study, if needed.
Of course Faisal, that is the idea behind the research proposal. You are welcome.
Thanks Victor. Share necessary details about region/countries to be included in the study. I will send you my input on that.
If you have access to a panel micro data set, you can do a lot in the investigation of macro policies at the regional/local level. The other option is to build regional simulation models, like Computable General Equilibrium models.
Dear Jouko, can you share some articles about the topic?
Dear Victor, here you go:
An econometric panel data example:
http://vatt.fi/the-local-economic-impacts-of-regeneration-projects-evidence-from-uk-s-single-regeneration-budget
Several CGE applications from Australia
http://www.copsmodels.com/elecpapr.htm
Finnish CGE modeling efforts
https://www.helsinki.fi/en/ruralia-institute/regfin-models
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