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Spatially correlated exit strategies in the baking industry
(Taylor and Francis Group, 2007)
This article uses a unique data set to analyse economic factors that explain firm exit and the interrelation across firms in space when exiting. Results show the effectiveness of modelling spatial correlation in a logit ...
Financial impact of risk on municipal earnings
(Taylor and Francis Group, 2007)
To evaluate the relation between regional earnings and risk across the US economy, this article uses a heteroscedastic model that captures earnings uncertainty. We then implement a nonlinear estimator that simultaneously ...