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Discussion: Applications and Innovations in Spatial Econometrics AgEcon
LeSage, James P..
These articles provide a discussion of studies presented in a session on spatial econometrics, focusing on the ability of spatial regression models to quantify the magnitude of spatial spillover impacts. Both articles presented argue that a proper modeling of spatial spillovers is required to truly understand the phenomena under study, in one case the impact of climate change on land values (or crop yields) and in the second the role of regional industry composition on regional business establishment growth.
Tipo: Journal Article Palavras-chave: Lagged variables; Panel data; Spatial spillovers; Community/Rural/Urban Development; Environmental Economics and Policy; Resource /Energy Economics and Policy; C33; C51.
Ano: 2011 URL: http://purl.umn.edu/113519
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Spatial Econometric Issues for Bio-Economic and Land-Use Modeling AgEcon
Holloway, Garth J.; Lacombe, Donald J.; LeSage, James P..
We survey the literature on spatial bio-economic and land-use modelling and review thematic developments. Unobserved site-specific heterogeneity is common in almost all of the surveyed works. Heterogeneity appears also to be a significant catalyst engendering significant methodological innovation. To better equip prototypes to adequately incorporate heterogeneity, we consider a smorgasbord of extensions. We highlight some problems arising with their application; provide Bayesian solutions to some; and conjecture solutions for others.
Tipo: Conference Paper or Presentation Palavras-chave: Spatial econometrics; Bio-economic and land-use modelling; Bayesian solution; Land Economics/Use.
Ano: 2006 URL: http://purl.umn.edu/25525
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