SPATIAL LAGS AND SPATIAL ERRORS REVISITED: SOME MONTE CARLO EVIDENCE

and

Spatial and Spatiotemporal Econometrics

ISBN: 978-0-76231-148-4, eISBN: 978-1-84950-301-3

ISSN: 0731-9053

Publication date: 30 December 2004

Abstract

From a theoretical point of view, a spatial econometric model can contain both a spatially lagged dependent variable (spatial lag) and a spatially autocorrelated error term (spatial error). However, such models are rarely used in practice. This is because (assuming a lattice model approach is used for both the spatial lag and spatial error) the model is difficult to estimate1 unless the weight matrices are different for the spatial lag and the spatial error.

Citation

Dubin, R. (2004), "SPATIAL LAGS AND SPATIAL ERRORS REVISITED: SOME MONTE CARLO EVIDENCE", Lesage, J. and Kelley Pace, R. (Ed.) Spatial and Spatiotemporal Econometrics (Advances in Econometrics, Vol. 18), Emerald Group Publishing Limited, Bingley, pp. 75-98. https://doi.org/10.1016/S0731-9053(04)18002-X

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Publisher

:

Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited

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