Applied Spatial Econometrics: Raising the Bar

被引:1155
作者
Elhorst, J. Paul [1 ]
机构
[1] Univ Groningen, Fac Econ & Business, NL-9700 AV Groningen, Netherlands
关键词
Spatial Durbin model; spatial spillovers; posterior model probabilities; spatio-temporal models; MAXIMUM LIKELIHOOD ESTIMATORS; SPECIFICATION SEARCHES; HENDRYS METHODOLOGY; MODELS; IDENTIFICATION; DISTURBANCES; RELEVANCE; TIME;
D O I
10.1080/17421770903541772
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper places the key issues and implications of the new 'introductory' book on spatial econometrics by James LeSage & Kelley Pace (2009) in a broader perspective: the argument in favour of the spatial Durbin model, the use of indirect effects as a more valid basis for testing whether spatial spillovers are significant, the use of Bayesian posterior model probabilities to determine which spatial weights matrix best describes the data, and the book's contribution to the literature on spatio-temporal models. The main conclusion is that the state of the art of applied spatial econometrics has taken a step change with the publication of this book.
引用
收藏
页码:9 / 28
页数:20
相关论文
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