Showing 1 - 5 of 5
This paper analyzes the spatial distribution of corruption and its primary economic and political determinants. Economic freedom and development are found to lower incidences of corruption. Of notable significance, this study finds empirical evidence of a non-linear relationship between a...
Persistent link: https://www.econbiz.de/10010546945
Several spatial econometric approaches are available to model spatially correlated disturbances in count models, but there are at present no structurally consistent count models incorporating spatial lag autocorrelation. A two-step, limited information maximum likelihood estimator is proposed to...
Persistent link: https://www.econbiz.de/10008533241
We present a study of the effects of macroeconomic shocks on housing prices in the Western United States using quarterly state level data from 1988:1 – 2007:4. The study contributes to the existing literature by explicitly incorporating locational spillovers through a spatial econometric...
Persistent link: https://www.econbiz.de/10005248360
Spatial regression models incorporating non-stationarity in the regression coefficients are popular. We propose a spatial variant of the Smooth Transition AutoRegressive (STAR) model that is more parsimonious than commonly used approaches and endogenously determines the extent of spatial...
Persistent link: https://www.econbiz.de/10005049625
This paper tests a series of prominent hypotheses regarding the determinants of per-capita income using a novel spatial econometric approach to control for spillovers among neighboring countries and for spatially correlated omitted variables. We use simultaneous equations to identify alternative...
Persistent link: https://www.econbiz.de/10005704664