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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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We propose a methodology for comparing poverty over multiple periods across time and space without arbitrarily … aggregating income over various years or relying on arbitrarily specified poverty lines. Following Duclos et al. (2006a), we use … span, as dimensions. We also embed in this framework a new concept of chronic and transient poverty. We illustrate our …
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