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Often, authors report materially different OLS and spatial error model estimates. However, under the null of correct specification, these estimates should be similar. We propose a spatial Hausman test and conduct a Monte Carlo experiment to examine its performance.
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Most hedonic pricing studies using transaction data employ only sold properties. Since the properties sold during any year or even decade represent only a fraction of all properties, this approach ignores the potentially valuable information content of unsold properties which have known...
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<title>Abstract</title> Spatial filtering in various forms has become a popular way to address spatial dependence in statistical models (Griffith, 2003; Tiefelsdorf & Griffith, 2007). However, spatial filtering faces computational challenges for large <italic>n</italic> as the current method requires order of n-super-3 operations....
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