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Modelos de regresión espacio temporales en la estimación de la renta municipal. Estimación de la renta en los municipios de la Región de Murcia

Author

Listed:
  • Coro Chasco-Yrigoyen

    (Instituto L. R. Klein, Universidad Autónoma de Madrid)

  • Fernando López-Hernández

    (Universidad Politécnica de Cartagena)

Abstract

Recently municipal household income has been estimated with spatial econometrics techniques explicitly including spatial autocorrelation in the econometric models. Spatial econometric tools have highly improved the explicative and predictive capacity of the models and more effort must be done in this direction. The purpose of this article is to state an alternative way to estimate household income in small areas with a space-time model, which both correct spatial effects and introduce time dimension, borrowing strength to estimate the municipal distribution of disposable income. We have selected a spatial SUR model, which includes both spatial and space-time autocorrelation effects. Finally, this model is applied to the estimation of municipal household income in the Region of Murcia.

Suggested Citation

  • Coro Chasco-Yrigoyen & Fernando López-Hernández, 2004. "Modelos de regresión espacio temporales en la estimación de la renta municipal. Estimación de la renta en los municipios de la Región de Murcia," Econometrics 0403003, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpem:0403003
    Note: Type of Document - pdf; pages: 20
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    More about this item

    Keywords

    Spatial Econometric; SUR Models; Household Income; Región de Murcia;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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