spatial interactions, spatial externalities and networking effects among actors, evoked the area of spatial econometrics …. 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 …

The main purpose of the article is to consider a important issue of spatial econometrics which is a proper …

estimation can be achieved by controlling for both phenomena. -- Spatial econometrics ; Bayesian spatial econometrics ; Spatial …