resulting actual law of motion. For a special case we show that the ordinary least squares estimator is consistent. …

This paper examines the ordinary least squares (OLS) estimator of the structural parameters in a class of stylised …. Nevertheless, this paper shows that the OLS estimator remains consistent in all models considered. It also shows, however, that its …

spatial interactions, spatial externalities and networking effects among actors, evoked the area of spatial econometrics …. Spatial econometrics focuses on the specification and estimation of regression models explicitly incorporating such spatial …