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likelihood estimation method set forth by Aquaro, Bailey and Pesaran (2015), we rely on a Markov Chain Monte Carlo (MCMC …) estimation methodology. MCMC estimates as applied here with non-informative priors will produce estimates equal to those from …
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. Spatial econometrics focuses on the specification and estimation of regression models explicitly incorporating such spatial …, referring to both heterogeneity and interdependence of phenomena occurring in two-dimensional space. Spatial autocorrelation or …
Persistent link: https://www.econbiz.de/10011334352
error models – to correct for misspecification due to neglected spatial autocorrelation in the data set. Our empirical … spatial structure that is required for the estimation of spatial models improves the forecasting performance of non …
Persistent link: https://www.econbiz.de/10011343272
. It was possible to determine a significant spatial autocorrelation. Therefore one have to consider these spatial … effects ; production of health ; efficiency measurement ; heterogeneity ; spatial effects ; spatial autocorrelation …
Persistent link: https://www.econbiz.de/10009738033
geometric ergodicity of the model. Simulation results justify the use of limit theory in empirically relevant settings. The …
Persistent link: https://www.econbiz.de/10011658755
for spatial heterogeneity. In particular, Bayesian and Maximum-Likelihood (ML) estimation methods are employed for model … estimation can be achieved by controlling for both phenomena. -- Spatial econometrics ; Bayesian spatial econometrics ; Spatial …
Persistent link: https://www.econbiz.de/10003922966
The main purpose of the article is to consider a important issue of spatial econometrics which is a proper interpretation of structural parameters of econometric models with spatial autoregression. The problem will be considered based on the example of the spatial SAR model. Another purpose of...
Persistent link: https://www.econbiz.de/10011997008
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