On the property of diffusion in the spatial error model
The aim of this paper is to illustrate the property of global spillover effects in the first-order spatial autoregressive error model and the associated diffusion process of spatial shocks. An application is provided on a sample of 145 regions over 1989-1999 and highlights the most influential regions.
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Volume (Year): 12 (2005)
Issue (Month): 9 ()
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