A simple closed-form relation between spatial weight matrices with different scalings

R. Kelley Pace and James LeSage

Economics Letters, 2021, vol. 207, issue C

Abstract: Spatial econometric models rely on the weight matrix W to specify dependence. However, formation of W involves scalings of rows and columns. We provide a closed-form for the similarity in results between the common eigenvalue and row-stochastic scalings.

Keywords: Keyword spatial econometrics; Specification (search for similar items in EconPapers)
JEL-codes: C11 C23 O47 O52 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:207:y:2021:i:c:s0165176521003037

DOI: 10.1016/j.econlet.2021.110026

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