IDEAS home Printed from https://ideas.repec.org/p/zar/wpaper/dt2005-06.html
   My bibliography  Save this paper

Model selection strategies in a spatial context

Author

Listed:
  • Jesús Mur

    () (Department of Economic Analysis. University of Zaragoza.)

  • Ana Angulo

    () (Department of Economic Analysis. University of Zaragoza.)

Abstract

This paper follows on from the discussion of Florax, Folmer and Rey (2003) on the advantages and disadvantages of various specification strategies for econometric models in a spatial setting. Habitual practice has popularized a technique based on the well-known Lagrange Multipliers, which seems to give good results although its basis is entirely ad hoc. In this paper we also contemplate other alternatives which, from a strictly theoretical point of view, seem to be more elaborated. We focus attention on the problem of deciding which model should be specified once the initial one, generally static, presents symptoms of misspecification. There are two alternatives habitually contemplated, the Spatial Lag Model and the Spatial Error Model, which leads us to a classical decision problem. In the final part of the paper we present the results of a Monte Carlo exercise which has enabled us to clear up some doubts, although others still persist.

Suggested Citation

  • Jesús Mur & Ana Angulo, 2005. "Model selection strategies in a spatial context," Documentos de Trabajo dt2005-06, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
  • Handle: RePEc:zar:wpaper:dt2005-06
    as

    Download full text from publisher

    File URL: http://www.dteconz.unizar.es/DT2005-06.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Florax, Raymond J. G. M. & Folmer, Hendrik & Rey, Sergio J., 2003. "Specification searches in spatial econometrics: the relevance of Hendry's methodology," Regional Science and Urban Economics, Elsevier, vol. 33(5), pages 557-579, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ana Yetano & Sonia Royo & Basisilo Acerete, 2009. "What is driving the increasing presence of citizen participation initiatives?," Documentos de Trabajo dt2009-02, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    2. Joaquín Andaluz, 2008. "Vertical product differentiation with subcontracting," Documentos de Trabajo dt2008-01, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    3. Patricia Bachiller & María José Arcas, 2006. "Performance and capital structure of privatized firms in the european union," Documentos de Trabajo dt2006-02, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    4. Raúl Serrano & Marta Fernández-Olmos & Vicente Pinilla, 2015. "International diversification and performance in agri-food firms," Documentos de Trabajo dt2015-01, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    5. Natividad Blasco & Pilar Corredor & Sandra Ferreruela, 2009. "Detecting intentional herding: what lies beneath intraday data in the spanish stock market," Documentos de Trabajo dt2009-01, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    6. Herrera Gómez, Marcos & Cid, Juan Carlos & Paz, Jorge Augusto, 2012. "Introducción a la econometría espacial: Una aplicación al estudio de la fecundidad en la Argentina usando R
      [Introduction to Spatial Econometrics: An application to the study of fertility in Argent
      ," MPRA Paper 41138, University Library of Munich, Germany.
    7. Angulo, Ana & Burridge, Peter & Mur, Jesús, 2018. "Testing for breaks in the weighting matrix," Regional Science and Urban Economics, Elsevier, vol. 68(C), pages 115-129.
    8. Jesús Mur & Ana Angulo, 2006. "The Spatial Durbin Model and the Common Factor Tests," Spatial Economic Analysis, Taylor & Francis Journals, vol. 1(2), pages 207-226.
    9. Jesus Mur & Ana Angulo, 2005. "A closer look at the Spatial Durbin Model," ERSA conference papers ersa05p392, European Regional Science Association.
    10. Inmaculada García-Mainar & Víctor M. Montuenga-Gómez, 2020. "Over-Qualification and the Dimensions of Job Satisfaction," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 147(2), pages 591-620, January.
    11. Agustín Gil, 2005. "Product differentiation in a mixed duopoly," Documentos de Trabajo dt2005-08, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    12. José Alberto Molina & Juan Carlos Campaña & Raquel Ortega, 2016. "Time spent on cultural activities at home in Spain: Differences between wage-earners and the self-employed," Documentos de Trabajo dt2016-01, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    13. Pilar Bernal & Juan P. Maicas & Pilar Vargas, 2016. "Exploration, exploitation and innovation performance: Disentangling environmental dynamism," Documentos de Trabajo dt2016-03, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    14. Silvia Sacchetti & Ermanno C. Tortia & Francisco J. López Arceiz, 2016. "Human resource management practices and organizational performance. The mediator role of immaterial satisfaction in Italian Social Cooperatives," Documentos de Trabajo dt2016-02, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    15. Raúl Serrano & Isabel Acero-Fraile & Natalia Dejo-Oricain, 2017. "Collaborative networks and export intensity in family firms: a quantile regression approach," Documentos de Trabajo dt2017-04, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.

    More about this item

    Keywords

    Model selection; Spatial Econometrics; Cross-sectional dependence;

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models

    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:zar:wpaper:dt2005-06. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vicente Pinilla). General contact details of provider: http://edirc.repec.org/data/fezares.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.