Space-Time Lags: Specification Strategy In Spatial Regression Models
Abstracthe purpose of this article is to analyse the dynamic trend of spatial dependence, which is not only contemporary but time-lagged in many socio-economic phenomena. Firstly, we show some of the commonly used exploratory spatial data analysis (ESDA) techniques and we propose other new ones, the exploratory space-time data analysis (ESTDA) that evaluates the instantaneity of spatial dependence. We also propose the space-time correlogram as an instrument for a better specification of spatial lag models, which should include both kind of spatial dependence. Some applications with economic data for Spanish provinces shed some light upon these issues.
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Bibliographic InfoPaper provided by EconWPA in its series Econometrics with number 0411005.
Length: 21 pages
Date of creation: 08 Nov 2004
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Note: Type of Document - pdf; pages: 21
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Spatial dependence; spatial diffusion; ESDA; correlogram; Spanish provinces;
Find related papers by JEL classification:
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Longitudinal Data; Spatial Time Series
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
- O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
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