Inference Based on Alternative Bootstrapping Methods in Spatial Models with an Application to County Income Growth in the United States

Daniel Monchuk (), Dermot Hayes and John Miranowski

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: This study examines correlates with aggregate county income growth across the 48 contiguous states from 1990 to 2001. Since visual inspection of the variable to be explained shows a clear spatial relationship and to control for potentially endogenous variables, we estimate a two-stage spatial error model. Given the lack of theoretical and asymptotic results for such models, we propose and implement a number of spatial bootstrap algorithms, including one allowing for heteroskedasticity, to infer parameter significance. Among the results of a comparison of the marginal effects in rural versus non-rural counties, we find that outdoor recreation and natural amenities favor positive growth in rural counties, densely populated rural areas enjoy stronger growth, and property taxes correlate negatively with rural growth.

Keywords: county income growth; rural development; spatial bootstrapping. (search for similar items in EconPapers)
Date: 2008-06
New Economics Papers: this item is included in nep-geo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.card.iastate.edu/products/publications/pdf/08wp471.pdf Full Text (application/pdf)
https://www.card.iastate.edu/products/publications/synopsis/?p=1080 Online Synopsis (text/html)

Related works:
Working Paper: Inference Based on Alternative Bootstrapping Methods in Spatial Models with an Application to County Income Growth in the United States (2013)
Journal Article: INFERENCE BASED ON ALTERNATIVE BOOTSTRAPPING METHODS IN SPATIAL MODELS WITH AN APPLICATION TO COUNTY INCOME GROWTH IN THE UNITED STATES (2011)
Working Paper: Inference Based on Alternative Bootstrapping Methods in Spatial Models with an Application to County Income Growth in the United States (2011)
Working Paper: Inference Based on Alternative Bootstrapping Methods in Spatial Models with an Application to County Income Growth in the United States (2010)
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:ias:cpaper:08-wp471

Access Statistics for this paper

More papers in Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University Contact information at EDIRC.
Bibliographic data for series maintained by ().