Modelos de regresión espacio temporales en la estimación de la renta municipal. Estimación de la renta en los municipios de la Región de Murcia

Coro Chasco-Yrigoyen and Fernando López-Hernández
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Coro Chasco-Yrigoyen: Instituto L. R. Klein, Universidad Autónoma de Madrid
Fernando López-Hernández: Universidad Politécnica de Cartagena
Authors registered in the RePEc Author Service: Coro Chasco Yrigoyen ()

Econometrics from EconWPA

Abstract: Recently municipal household income has been estimated with spatial econometrics techniques explicitly including spatial autocorrelation in the econometric models. Spatial econometric tools have highly improved the explicative and predictive capacity of the models and more effort must be done in this direction. The purpose of this article is to state an alternative way to estimate household income in small areas with a space-time model, which both correct spatial effects and introduce time dimension, borrowing strength to estimate the municipal distribution of disposable income. We have selected a spatial SUR model, which includes both spatial and space-time autocorrelation effects. Finally, this model is applied to the estimation of municipal household income in the Region of Murcia.

Keywords: Spatial Econometric; SUR Models; Household Income; Región de Murcia (search for similar items in EconPapers)
JEL-codes: C33 C51 C21 C53 O18 (search for similar items in EconPapers)
Date: 2004-03-09
Note: Type of Document - pdf; pages: 20

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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpem:0403003

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