IDEAS home Printed from https://ideas.repec.org/a/eee/joecas/v9y2012i1p1-21.html

Optimal Spatial Prediction and the Construction of Regional Indexes

Author

Listed:
  • Montes-Rojas, Gabriel V.

Abstract

This paper reviews the statistical methods for spatial prediction: the non-parametric “kriging” method and spatial autoregessive models. We discuss the main assumptions involved in each method as well as the advantages and disadvantages in each case. These methods are applied to the FPLI wage index for Florida counties, in order to illustrate a way to select the best econometric model and spatial weights.

Suggested Citation

  • Montes-Rojas, Gabriel V., 2012. "Optimal Spatial Prediction and the Construction of Regional Indexes," The Journal of Economic Asymmetries, Elsevier, vol. 9(1), pages 1-21.
    • Handle: RePEc:eee:joecas:v:9:y:2012:i:1:p:1-21
    DOI: 10.1016/j.jeca.2012.01.001
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1703494915302267
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jeca.2012.01.001?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Roback, Jennifer, 1982. "Wages, Rents, and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1257-1278, December.
    2. Kelejian, Harry H & Prucha, Ingmar R, 1998. "A Generalized Spatial Two-Stage Least Squares Procedure for Estimating a Spatial Autoregressive Model with Autoregressive Disturbances," The Journal of Real Estate Finance and Economics, Springer, vol. 17(1), pages 99-121, July.
    3. Dubin, Robin A, 1998. "Predicting House Prices Using Multiple Listings Data," The Journal of Real Estate Finance and Economics, Springer, vol. 17(1), pages 35-59, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Elena G. Irwin & P. Wilner Jeanty & Mark D. Partridge, 2014. "Amenity Values versus Land Constraints: The Spatial Effects of Natural Landscape Features on Housing Values," Land Economics, University of Wisconsin Press, vol. 90(1), pages 61-78.
    2. Thomas de Graaff & Frank G. van Oort & Raymond J.G.M. Florax, 2012. "Regional Population–Employment Dynamics Across Different Sectors Of The Economy," Journal of Regional Science, Wiley Blackwell, vol. 52(1), pages 60-84, February.
    3. Bischoff, Oliver, 2012. "Explaining regional variation in equilibrium real estate prices and income," Journal of Housing Economics, Elsevier, vol. 21(1), pages 1-15.
    4. Daniel Lo & Kwong Wing Chau & Siu Kei Wong & Michael McCord & Martin Haran, 2022. "Factors Affecting Spatial Autocorrelation in Residential Property Prices," Land, MDPI, vol. 11(6), pages 1-16, June.
    5. Gabriel S. Lee & Stefanie Braun, 2021. "Agglomeration Spillover Effects in German Land and House Prices at the City and County Levels," Working Papers 207, Bavarian Graduate Program in Economics (BGPE).
    6. Jens Abildtrup & Virginie Piguet & Bertrand Schmitt, 2011. "The impact of agro-food industry on employment and population changes: The case of Denmark and France'," ERSA conference papers ersa10p1622, European Regional Science Association.
    7. Raymond J. G. M. Florax & Arno J. Van der Vlist, 2003. "Spatial Econometric Data Analysis: Moving Beyond Traditional Models," International Regional Science Review, , vol. 26(3), pages 223-243, July.
    8. Daniel C. Monchuk & Dermot J. Hayes & John A. Miranowski & Dayton M. Lambert, 2011. "Inference Based On Alternative Bootstrapping Methods In Spatial Models With An Application To County Income Growth In The United States," Journal of Regional Science, Wiley Blackwell, vol. 51(5), pages 880-896, December.
    9. John Carruthers & Gordon F. Mulligan, 2012. "The plane of living and the precrisis evolution of housing values in the USA," Journal of Economic Geography, Oxford University Press, vol. 12(4), pages 739-773, July.
    10. Yasusada Murata & Ryo Nakajima, 2025. "Marshall meets Bartik: Revisiting the mysteries of the trade," Keio-IES Discussion Paper Series 2025-005, Institute for Economics Studies, Keio University.
    11. Yasusada Murata & Ryo Nakajima, 2023. "Marshall meets Bartik: Revisiting the mysteries of the trade," Keio-IES Discussion Paper Series 2023-015, Institute for Economics Studies, Keio University.
    12. Devaux, Nicolas & Dubé, Jean & Apparicio, Philippe, 2017. "Anticipation and post-construction impact of a metro extension on residential values: The case of Laval (Canada), 1995–2013," Journal of Transport Geography, Elsevier, vol. 62(C), pages 8-19.
    13. John I. Carruthers & Gordon F. Mulligan, 2008. "A locational analysis of growth and change in American metropolitan areas," Papers in Regional Science, Wiley Blackwell, vol. 87(2), pages 155-171, June.
    14. T. M. Tonmoy Islam, 2020. "The impact of population agglomeration of an area on its neighbors: evidence from the USA," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 65(1), pages 1-26, August.
    15. Mark Partridge & M. Rose Olfert & Alessandro Alasia, 2007. "Canadian cities as regional engines of growth: agglomeration and amenities," Canadian Journal of Economics, Canadian Economics Association, vol. 40(1), pages 39-68, February.
    16. Dolan, Paul & Metcalf, Robert, 2008. "Comparing willingness-to-pay and subjective well-being in the context of non-market goods," LSE Research Online Documents on Economics 28504, London School of Economics and Political Science, LSE Library.
    17. Karsten Rusche, 2010. "Quality of life in the regions: an exploratory spatial data analysis for West German labor markets," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 30(1), pages 1-22, February.
    18. Elias Einiö & Henry G. Overman, 2016. "The (Displacement) Effects of Spatially Targeted Enterprise Initiatives: Evidence from UK LEGI," SERC Discussion Papers 0191, Centre for Economic Performance, LSE.
    19. Wang, Chih-Hao & Chen, Na, 2015. "A GIS-based spatial statistical approach to modeling job accessibility by transportation mode: case study of Columbus, Ohio," Journal of Transport Geography, Elsevier, vol. 45(C), pages 1-11.
    20. Becker, Sascha O. & Heblich, Stephan & Sturm, Daniel M., 2021. "The impact of public employment: Evidence from Bonn," Journal of Urban Economics, Elsevier, vol. 122(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:joecas:v:9:y:2012:i:1:p:1-21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/the-journal-of-economic-asymmetries/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.