Structural Estimation in Urban Economics
Thomas J. Holmes and
Chapter Chapter 2 in Handbook of Regional and Urban Economics, 2015, vol. 5, pp 69-114 from Elsevier
Structural estimation is a methodological approach in empirical economics explicitly based on economic theory, in which economic modeling, estimation, and empirical analysis are required to be internally consistent. This chapter illustrates the structural approach with three applications in urban economics: (1) discrete location choice, (2) fiscal competition and local public good provision, and (3) regional specialization. For each application, we first discuss broad methodological principles of model selection and development. Next we treat issues of identification and estimation. The final step of each discussion is how estimated structural models can be used for policy analysis.
Keywords: Structural estimation; Fiscal competition; Public good provision; Regional specialization; R10; R23; R51 (search for similar items in EconPapers)
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