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regional aggregation (Jacobs-Crisioni et al., 2014; Kang et al., 2014, Baltagi, Li, 2014). Currently, hierarchical models can … 2011years are used. We also include two levels of data aggregation: into 12 economic regions and into 8 federal districts … regional aggregation. H2: The estimation results of spatial-econometric models depend on the choice of the method of estimation …
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