Serial and spatial error correlation

J.Paul Elhorst

Economics Letters, 2008, vol. 100, issue 3, 422-424

Abstract: This paper demonstrates that jointly modeling serial and spatial error correlation results in a trade-off between the serial and spatial autocorrelation coefficients. Ignoring this trade-off causes inefficiency and may lead to nonstationarity.

Date: 2008
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Citations: View citations in EconPapers (27)

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