This article describes a methodology to calculate a Spatial Cost of Living (SCOL) index using the... more This article describes a methodology to calculate a Spatial Cost of Living (SCOL) index using the Colombian data for 2006 that considers the microeconomic behaviour of households. Estimating an Almost Ideal Demand System (AIDS) to recover the expenditure function of the 23 main Colombian cities, the index is compared to the fixed basket approach and to an alternative methodology proposed by Romero (2005). This comparison suggests that the index is biased when the substitution effects are not considered, and this bias increases when the difference in expenditure levels between cities increases. According to our calculations, Bogota is still the most expensive city in the country.
Documentos de Trabajo en Ciencia Regional, Jan 1, 2010
The New Economic Geography (NEG) has been tested to explain the spatial concentration of wages in... more The New Economic Geography (NEG) has been tested to explain the spatial concentration of wages in developed countries, but it has not been evaluated for developingcountries where the excessive spatial concentration seems to be related with negative consequences on the ...
Documentos de Trabajo en Ciencia Regional, Jan 1, 2010
... Please update your bookmarks. The Role of Regional Price Index in New Economic Geography Mode... more ... Please update your bookmarks. The Role of Regional Price Index in New Economic Geography Models. Dusan Paredes (). No 7, Documentos de Trabajo en Ciencia Regional from Universidad Catolica del Norte, Chile, Department of Economics. ...
This article describes a methodology to calculate a Spatial Cost of Living (SCOL) index using the... more This article describes a methodology to calculate a Spatial Cost of Living (SCOL) index using the Colombian data for 2006 that considers the microeconomic behaviour of households. Estimating an Almost Ideal Demand System (AIDS) to recover the expenditure function of the 23 main Colombian cities, the index is compared to the fixed basket approach and to an alternative methodology proposed by Romero (2005). This comparison suggests that the index is biased when the substitution effects are not considered, and this bias increases when the difference in expenditure levels between cities increases. According to our calculations, Bogota is still the most expensive city in the country.
Documentos de Trabajo en Ciencia Regional, Jan 1, 2010
The New Economic Geography (NEG) has been tested to explain the spatial concentration of wages in... more The New Economic Geography (NEG) has been tested to explain the spatial concentration of wages in developed countries, but it has not been evaluated for developingcountries where the excessive spatial concentration seems to be related with negative consequences on the ...
Documentos de Trabajo en Ciencia Regional, Jan 1, 2010
... Please update your bookmarks. The Role of Regional Price Index in New Economic Geography Mode... more ... Please update your bookmarks. The Role of Regional Price Index in New Economic Geography Models. Dusan Paredes (). No 7, Documentos de Trabajo en Ciencia Regional from Universidad Catolica del Norte, Chile, Department of Economics. ...
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