Introduction to Spatial Econometrics (Hardcover)

Introduction Spatial dependence The spatial autoregressive process An illustration of spatial spillovers The role of spatial econometric models The plan of the text Motivating and Interpreting Spatial Econometric Models A time-dependence motivation An omitted variables motivation A spatial heterogeneity motivation An externalities-based motivation A model uncertainty motivation Spatial autoregressive regression models Interpreting parameter estimates Maximum Likelihood Estimation Model estimation Estimates of dispersion for the parameters Omitted variables with spatial dependence An applied example Log-Determinants and Spatial Weights Determinants and transformations Basic determinant computation Determinants of spatial systems Monte Carlo approximation of the log-determinant Chebyshev approximation Extrapolation Determinant bounds Inverses and other functions Expressions for interpretation of spatial models Closed-form solutions for single parameter spatial models Forming spatial weights Bayesian Spatial Econometric Models Bayesian methodology Conventional Bayesian treatment of the SAR model MCMC estimation of Bayesian spatial models The MCMC algorithm An applied illustration Uses for Bayesian spatial models Model Comparison Comparison of spatial and non-spatial models An applied example of model comparison Bayesian model comparison Chapter appendix Spatiotemporal and Spatial Models Spatiotemporal partial adjustment model Relation between spatiotemporal and SAR models Relation between spatiotemporal and SEM models Covariance matrices Spatial econometric and statistical models Patterns of temporal and spatial dependence Spatial Econometric Interaction Models Interregional flows in a spatial regression context Maximum likelihood and Bayesian estimation Application of the spatial econometric interaction model Extending the spatial econometric interaction model Matrix Exponential Spatial Models The MESS model Spatial error models using MESS A Bayesian version of the model Extensions of the model Fractional differencing Limited Dependent Variable Spatial Models Bayesian latent variable treatment The ordered spatial probit model Spatial Tobit models The multinomial spatial probit model An applied illustration of spatial MNP Spatially structured effects probit models References A summary appears at the end of each chapter.