One-directional adjacency matrices in spatial autoregressive model: A land price example and Monte Carlo results

Takahisa Yokoi and Asao Ando

Economic Modelling, 2012, vol. 29, issue 1, 79-85

Abstract: In the context of spatial econometrics, we discuss the specification of one-directional effects, not mutual dependencies. Using an empirical study (a spatial autoregressive model of land price data in Fukui Prefecture, Japan) and Monte Carlo simulation results (contiguity matrices built based on regular lattices using the rook criteria), we show that spatial dependencies might not be recognized if such dependencies are assumed to be reciprocal.

Keywords: Land price; Spatial autocorrelation; Spatial adjacency matrix; One-directional relationship (search for similar items in EconPapers)
JEL-codes: C21 R14 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:29:y:2012:i:1:p:79-85

DOI: 10.1016/j.econmod.2011.08.011

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