The aim of this paper is to introduce a new model selection mechanism for cross sectional spatial models. This method is more flexible than the approach proposed by Florax et al. (2003) since it controls for spatial dependence as well as for spatial heterogeneity. In particular, Bayesian and...

This book provides an overview of three generations of spatial econometric models: models based on cross-sectional data, static models based on spatial panels and dynamic spatial panel data models. The book not only presents different model specifications and their corresponding estimators, but...

1: Introduction -- 2: The Scope of Spatial Econometrics -- 3: The Formal Expression of Spatial Effects -- 4: A Typology of Spatial Econometric Models -- 5: Spatial Stochastic Processes: Terminology and General Properties -- 6: The Maximum Likelihood Approach to Spatial Process Models -- 7:...

Spatial Econometrics is a rapidly evolving field born from the joint efforts of economists, statisticians, econometricians and regional scientists. The book provides the reader with a broad view of the topic by including both methodological and application papers. Indeed the application papers...