MCMCINLA estimation of varying coefficient spatial lag model—A study of China’s economic development in the context of population aging

Jiaqi Teng, Shuzhen Ding, Huiguo Zhang and Xijian Hu

PLOS ONE, 2023, vol. 18, issue 5, 1-19

Abstract: The dominant spatial econometric model in spatial econometrics is the parametric form, while in the realistic context, the variables often do not satisfy the assumption of linearity and have nonlinear relationships with each other. In this paper, we introduce nonparametric terms into spatial econometric models and propose the MCMCINLA estimation method for varying coefficient spatial lag models. The empirical analysis is conducted with the socioeconomic data of mainland China from 2015 to 2020 to discuss the influencing factors and spatial and temporal distribution characteristics of China’s economic development under the classical spatial lag model and the varying coefficient spatial lag model with population aging as a special covariate, respectively. The results show that with the gradual aging of the population, foreign trade will inhibit the development of regional economy to a certain extent, while urbanization process, resident income, real estate development and high-tech development will have a driving effect on economic growth, and high-tech development has the strongest mobilization on regional economic development. Compared with the classical spatial lag model, the varying coefficient spatial lag model can more fully exploit the information of variables in a more realistic context and derive the variable evolution process.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0279504 (text/html)
https://journals.plos.org/plosone/article/file?id= ... 79504&type=printable (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:plo:pone00:0279504

DOI: 10.1371/journal.pone.0279504

Access Statistics for this article

More articles in PLOS ONE from Public Library of Science
Bibliographic data for series maintained by plosone ().