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

Daniel C. Monchuk, Dermot Hayes, John Miranowski and Dayton Lambert

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: This study examines aggregate county income growth across the 48 contiguous states from 1990 to 2005. To control for endogeneity, we estimate a two-stage spatial error model and implement a number of spatial bootstrap routines to infer parameter significance. Among the results, we find that outdoor recreation and natural amenities favor positive growth in rural counties and property taxes correlate negatively with rural growth. Comparing bootstrap inference with other models, including the recent General Moment heteroskedastic-robust spatial error estimator, we find similar conclusions suggesting bootstrapping can be effective in spatial models where asymptotic results are not well established.

Date: 2013-04-15
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Citations: View citations in EconPapers (1)

Published in Journal of Regional Science, March 2011, vol. 51 no. 5, pp. 880-896

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Related works:
Journal Article: INFERENCE BASED ON ALTERNATIVE BOOTSTRAPPING METHODS IN SPATIAL MODELS WITH AN APPLICATION TO COUNTY INCOME GROWTH IN THE UNITED STATES (2011) Downloads
Working Paper: Inference Based on Alternative Bootstrapping Methods in Spatial Models with an Application to County Income Growth in the United States (2011) Downloads
Working Paper: Inference Based on Alternative Bootstrapping Methods in Spatial Models with an Application to County Income Growth in the United States (2010) Downloads
Working Paper: Inference Based on Alternative Bootstrapping Methods in Spatial Models with an Application to County Income Growth in the United States (2008) Downloads
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