Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5098534 | Journal of Economic Dynamics and Control | 2014 | 17 Pages |
Abstract
Spatial modeling of economic phenomena requires the adoption of complex econometric tools, which allow us to deal with important methodological issues, such as spatial dependence, spatial unobserved heterogeneity and nonlinearities. In this paper we describe some recently developed econometric approaches (i.e. Spatial Autoregressive Semiparametric Geoadditive Models), which address the three issues simultaneously. We also illustrate the relative performance of these methods with an application to the case of house prices in the Lucas County.
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
Roberto Basile, MarÃa Durbán, Román MÃnguez, Jose MarÃa Montero, Jesús Mur,