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In this paper, we demonstrate the econometric consequences of different specification and estimation choices in the analysis of spatially interdependent data and show how to calculate and present spatial effect estimates substantively. We consider four common estimators-nonspatial OLS, spatial...
Persistent link: https://www.econbiz.de/10013151498
Persistent link: https://www.econbiz.de/10012724688
This paper provides overview for lay audiences of the empirical modeling of the spatial and spatiotemporal interdependence that is substantively and theoretically ubiquitous, indeed inherently central, in political science
Persistent link: https://www.econbiz.de/10012719917
Although scholars recognize that time-series-cross-section data typically correlate across both time and space, they tend to model temporal dependence directly, often by lags of dependent variables, but to address spatial interdependence solely as a nuisance to be “corrected” by FGLS or to...
Persistent link: https://www.econbiz.de/10009367950
This paper employs a regression-discontinuity (RD) design to ascertain the effects of social-democratic government on fiscal policy (budget deficits) and monetary policy (as reflected in inflation) and on currency and bond prices (i.e., exchange rates and yields). The RD design exploits the...
Persistent link: https://www.econbiz.de/10014216455
Even casual observation reveals obvious spatial patterns in labor-market outcomes and policies across the developed democracies, and within the European Union particularly. Labor-market policies entail significant cross-border spillovers, so strategic interdependence among developed democracies...
Persistent link: https://www.econbiz.de/10014216459
Conflicts of interest over the generosity and structure of redistribution and social insurance (jointly: social policy) include that between the relatively poor and wealthy - which yields the familiar result that median-voter demand for broad redistribution increases in the income skew - and...
Persistent link: https://www.econbiz.de/10014219906
Interdependence is ubiquitous, and often central, across political economy. In comparative political economy, for example, globalization and rising capital mobility imply tax competition that suggests the fiscal policies of one country must depend crucially upon those of other countries with...
Persistent link: https://www.econbiz.de/10014220498
Conflicts of interest over the generosity and structure of redistribution and social insurance (call these jointly: social policy) include that between the relatively poor and wealthy - which theoretically produces the famous median-voter result that democratic demand for broad redistribution...
Persistent link: https://www.econbiz.de/10014220986
In this paper, we discuss the substantive range of spatial interdependence in political and related social sciences. We offer a generic theoretical model demonstrating that interdependence arises whenever utilities of one actor depend on the choices of other actors - i.e., inter alia, in all...
Persistent link: https://www.econbiz.de/10014220987