This paper examines the properties of Moran's I test for spatial error autocorrelation when endogenous variables are included in the regression specification and estimation is carried out by means of instrumental variables procedures (such as two-stage least squares). The asymptotic distribution...

An important infrastructure policy issue for rapidly growing cities in developing countries is how to raise fiscal revenues to finance basic services in a fair and efficient manner. This paper applies hedonic analysis that explicitly accounts for spatial spillovers to derive the value of...