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SPATIAL ECONOMETRICS

Source: csiss.ncgia.ucsb.edu
Topic: Econometrics

Sort Desciption: Spatial econometrics is a subfield of econometrics that deals with the .... Historically spatial econometrics originated as an identifiable field in Europe ...

Content Inside: SPATIAL ECONOMETRICS Luc Anselin Bruton Center School of Social Sciences University of Texas at Dallas Richardson TX 75083-0688 lanselin@utdallas.edu April 26 1999 ABSTRACT: Spatial econometric methods deal with the incorporation of spatial interaction and spatial structure into regression analysis. The field has seen a recent and rapid growth spurred both by theoretical concerns as well as by the need to be able to apply econometric models to emerging large geocoded data bases. The review presented in this chapter outlines the basic terminology and discusses in some detail the specification of spatial effects estimation of spatial regression models and specification tests for spatial effects. SPATIAL ECONOMETRICS Luc Anselin 1. Introduction Spatial econometrics is a subfield of econometrics that deals with the treatment of spatial interac- tion (spatial autocorrelation) and spatial structure (spatial heterogeneity) in regression models for cross-sectional and panel data Paelinck and Klaassen (1979) Anselin (1988a). As such the field is similar to geostatistics and spatial statistics which form an important part of the methodologi- cal toolbox of the physical scientist e.g. Ripley (1981) Cressie (1993). However spatial econo- metrics is distinct from spatial statistics in the same sense as econometrics is distinct from statistics in general. This albeit subtle distinction boils down to the central role attributed to the theoretical model rather than the data when it comes to dictating the types of specifications that are of interest in spatial econometrics. A focus on location and spatial interaction has recently gained a more central place not only in applied but also in theoretical econometrics. 1 In the past models that explicitly incorpo- rated space (or geography) and therefore applications of spatial econometrics were primarily found in specialized fields such as regional science urban and real estate economics and eco- nomic geography e.g. re ...

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