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This paper introduces a new approach to modelling the conditional variance in a multivariate setting. It is essentially a combination of the popular GARCH model class with a spatial component, inspired by generalized space-time models. The resulting spatial GARCH model takes into account both...
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2000-2016. Techniques as kernel density estimation and geoadditive modeling allow gaining insights into the allocation of … innovation economics. On the geographical level of administrative districts innovation and its theory-based determining factors … are connected. Estimation methods also add to the explanatory content of the models, partly assisted by the usage of …
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