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This paper develops a statistical model for measuring spatial interactions when estimating macroeconomic regimes and regime shifts. The model is applied to study the contagion and propagation of recessions in small regional economies in the United States from 1990 to 2015. The empirical analysis...
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geometric ergodicity of the model. Simulation results justify the use of limit theory in empirically relevant settings. The …
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, and the associated asymptotic theory for estimation is also provided. Simulation results show that our model performs well …
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problem of spatial statistics -- 1.3. Spatial sampling perspectives -- 1.4. Models of spatial autocorrelation -- 1.5. Towards … a theory of spatial statistics -- 1.6 References -- Appendix 1A: Derivation of the expected value of MC -- Appendix 1B …: Derivation of the expected value of GR -- 2. Developing a theory of spatial statistics -- 2.1. The small sample size problem -- 2 …
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