The Biggest Myth in Spatial Econometrics
AbstractThere is near universal agreement that estimates and inferences from spatial regression models are sensitive to particular specifications used for the spatial weight structure in these models. We find little theoretical basis for this commonly held belief, if estimates and inferences are based on the true partial derivatives for a well-specified spatial regression model. We conclude that this myth may have arisen from past applied work that incorrectly interpreted the model coefficients as if they were partial derivatives, or from use of misspecified models. View Full-Text
Share & Cite This Article
LeSage, J.P.; Pace, R.K. The Biggest Myth in Spatial Econometrics. Econometrics 2014, 2, 217-249.
LeSage JP, Pace RK. The Biggest Myth in Spatial Econometrics. Econometrics. 2014; 2(4):217-249.Chicago/Turabian Style
LeSage, James P.; Pace, R. K. 2014. "The Biggest Myth in Spatial Econometrics." Econometrics 2, no. 4: 217-249.