How Reliable Are the Geographical Spatial Weights Matrices?
Davide Fiaschi () and
Angela Parenti ()
Discussion Papers from Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy
This paper shows how it is possible to estimate the interconnections between regions by a connectedness matrix recently proposed by Diebold and Yilmaz (2014), and discusses how the connectedness matrix is strictly related to the spatial weights matrix used in spatial econometrics. An empirical application using growth rate volatility of per capita GDP of 199 European NUTS2 regions (EU15) over the period 1981-2008 illustrates how our estimated connectedness matrix is not compatible with the most popular geographical weights matrices used in literature.
Keywords: First-order Contiguity; Distance-based Matrix; Connectedness Matrix; European Regions; Network. (search for similar items in EconPapers)
JEL-codes: C23 R11 R12 O52 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ecm, nep-geo and nep-ure
Note: ISSN 2039-1854
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Journal Article: HOW RELIABLE ARE THE GEOGRAPHICAL SPATIAL WEIGHTS MATRICES? (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pie:dsedps:2015/198
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