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• W2041214136 abstract "This article adapts a regional adjustment model to estimate and project the spatial outcome of population and employment growth in U.S. metropolitan areas. The three‐equation multiplicative model of population change, employment change, and land absorption is estimated using three‐stage least squares to account for endogeneity among the dependent variables and contemporaneous correlation across the system of equations. In addition to the core model, alternative specifications are estimated, imposing the initial conditions of size, land availability, and economic structure. The stability of the solutions is then examined using reduced‐form equations estimated via the seemingly unrelated regression equations approach. The results reveal substantive evidence that population and employment growth are jointly determined, of how the two affect the outcome of land development, and, perhaps most importantly, stable and fractionally reasonable estimates at projected equilibrium points. Lastly, the adapted model controlling for the initial condition of land availability is used to project patterns of land consumption at equilibrium in 50 rapid‐growth metropolitan areas." @default.
• W2041214136 created "2016-06-24" @default.
• W2041214136 creator A5034674277 @default.
• W2041214136 creator A5078738710 @default.
• W2041214136 date "2006-12-11" @default.
• W2041214136 modified "2023-10-18" @default.
• W2041214136 title "Land Absorption in U.S. Metropolitan Areas: Estimates and Projections from Regional Adjustment Models" @default.
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• W2041214136 doi "https://doi.org/10.1111/j.1538-4632.2006.00696.x" @default.
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