Spatial Econometric Specification and Estimation

Sascha Sardadvar ()
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Sascha Sardadvar: Vienna University of Economics and Business, Institute for Economic Geography and GIScience

Chapter Chapter 10 in Economic Growth in the Regions of Europe, 2011, pp 105-110 from Springer

Abstract: Abstract The theoretical model laid out in Part II can be directly translated to a spatial econometric model specification, with output growth as the dependent variable, and two explanatory variables, which are also lagged in space, thus making a total of four independent variables, and in addition there are a constant and a spatially correlated term. The method of ordinary least squares would cause inefficient results in such a specification, but estimation using the method of maximum likelihood overcomes this problem.

Keywords: Explanatory Variable; Spatial Weight Matrix; Common Border; Spatial Durbin Model; Common Factor Model (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-7908-2637-1_10

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DOI: 10.1007/978-3-7908-2637-1_10

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