Quotation LeSage, James, Fischer, Manfred M. 2008. Spatial growth regressions: Model specification, estimation and interpretation. Spatial Economic Analysis 3 (3), 275-304.


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Abstract

This paper uses Bayesian model comparison methods to simultaneously specify both the spatial weight structure and explanatory variables for a spatial growth regression involving 255 NUTS 2 regions across 25 European countries. In addition, a correct interpretation of the spatial regression parameter estimates that takes into account the simultaneous feedback nature of the spatial autoregressive model is provided. Our findings indicate that incorporating model uncertainty in conjunction with appropriate parameter interpretation decreased the importance of explanatory variables traditionally thought to exert an important influence on regional income growth rates.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Spatial Economic Analysis
Citation Index SSCI
WU-Journal-Rating new VW-D
Language English
Title Spatial growth regressions: Model specification, estimation and interpretation
Volume 3
Number 3
Year 2008
Page from 275
Page to 304
Reviewed? Y
URL http://ssrn.com/abstract=980965
DOI 10.1080/17421770802353758

Associations

Projects
Regional Income Growth and Club-Convergence in Europe - Insights From a Spatial Econometric Perspective
People
Fischer, Manfred M. (Details)
External
LeSage, James (Texas State University, United States/USA)
Organization
Research Institute for Supply Chain Management FI (Details)
Institute for Economic Geography and GIScience IN (Details)
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