The DOI matches its Crossref record; 73 of the 73 references it cites were found in a registry or an index.
WHERE IS THE ECONOMICS IN SPATIAL ECONOMETRICS?*
Abstract
ABSTRACT Spatial econometrics has been criticized by some economists because some model specifications have been driven by data‐analytic considerations rather than having a firm foundation in economic theory. In particular, this applies to the so‐called W matrix, which is integral to the structure of endogenous and exogenous spatial lags, and to spatial error processes, and which are almost the sine qua non of spatial econometrics. Moreover, it has been suggested that the significance of a spatially lagged dependent variable involving W may be misleading, since it may be simply picking up the effects of omitted spatially dependent variables, incorrectly suggesting the existence of a spillover mechanism. In this paper, we review the theoretical and empirical rationale for network dependence and spatial externalities as embodied in spatially lagged variables, arguing that failing to acknowledge their presence at least leads to biased inference, can be a cause of inconsistent estimation, and leads to an incorrect understanding of true causal processes.
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Cites
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Cited by
Halleck Vega, S., & Elhorst, J. P. (2015) · Journal of Regional Science · doi:10.1111/jors.12188 · Cited by 649
Elhorst, J. P. (2014) · SpringerBriefs in Regional Science · doi:10.1007/978-3-642-40340-8_3 · Cited by 566
Spillover effects of economic globalization on CO2 emissions: A spatial panel approach
You, W., & Lv, Z. (2018) · Energy Economics · doi:10.1016/j.eneco.2018.05.016 · Cited by 489
What Regional Scientists Need to Know about Spatial Econometrics
LeSage, J. P. (2014) · Review of Regional Studies · doi:10.52324/001c.8081 · Cited by 420
Cluster-robust inference: A guide to empirical practice
MacKinnon, J. G., Nielsen, M. Ø., & Webb, M. D. (2023) · Journal of Econometrics · doi:10.1016/j.jeconom.2022.04.001 · Cited by 407
Metadata
- Authors
- Corrado, L., & Fingleton, B.
- Venue
- Journal of Regional Science
- Publisher
- Wiley
- Published
- 2011-04-11
- Volume
- 52
- Issue
- 2
- Pages
- 210-239
- ISSN
- 0022-4146 (ISSN-L)
- 1467-9787
- OpenAlex
- W2139004894
- Cited by
- 517
- References
- 73
- FWCI
- 74.87
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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