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Contemporary developments in the theory and practice of spatial econometrics

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  • Arnab Bhattacharjee
  • Sean Holly
  • Jesús Mur

Abstract

The papers in this special issue cover a wide range of areas in the methodology and application of spatial econometrics. The first develops a generalized method of moments (GMM) estimator for the spatial regression model from a second-order approximation to the maximum likelihood (ML). The second develops Bayesian estimation in a stochastic frontier model with network dependence in efficiencies, with application to industry dynamics. The third studies cross-country convergence under the Lotka–Volterra model and obtains new insights into spatial spillovers. The penultimate paper develops robust specification tests for the social interactions model under both ML and GMM frameworks. The final paper proposes identification and GMM estimation in a high-order spatial autoregressive model with heterogeneity, common factors and spatial error dependence.

Suggested Citation

  • Arnab Bhattacharjee & Sean Holly & Jesús Mur, 2018. "Contemporary developments in the theory and practice of spatial econometrics," Spatial Economic Analysis, Taylor & Francis Journals, vol. 13(2), pages 139-147, April.
    • Handle: RePEc:taf:specan:v:13:y:2018:i:2:p:139-147
    DOI: 10.1080/17421772.2018.1449824
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    Cited by:

    1. Jasper Grashuis, 2019. "Spatial Competition in the Iowa Corn Market: Informing the Pricing Behavior of Corporate and Cooperative Grain Merchants," Sustainability, MDPI, vol. 11(4), pages 1-13, February.
    2. Arnab Bhattacharjee & Sudipto Roy, 2019. "Abnormal Returns or Mismeasured Risk? Network Effects and Risk Spillover in Stock Returns," JRFM, MDPI, vol. 12(2), pages 1-13, March.

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