The Econometric Analysis of Non-Stationary Spatial Panel Data (Advances in Spatial Science)
The Econometric Analysis of Non-Stationary Spatial Panel Data (Advances in Spatial Science)

Read Online The Econometric Analysis of Non-Stationary Spatial Panel Data (Advances in Spatial Science) MOBI

This monograph deals with spatially dependent nonstationary time series in a way accessible to both time series econometricians wanting to understand spatial econometics, and spatial econometricians lacking a grounding in time series analysis. After charting key concepts in both time series and spatial econometrics, the book discusses how the spatial connectivity matrix can be estimated using spatial panel data instead of assuming it to be exogenously fixed. This is followed by a discussion of spatial nonstationarity in spatial cross-section data, and a full exposition of non-stationarity in both single and multi-equation contexts, including the estimation and simulation of spatial vector autoregression (VAR) models and spatial error correction (ECM)  models. The book reviews the literature on panel unit root tests and panel cointegration tests for spatially independent data, and for data that are strongly spatially dependent. It provides for the first time critical values for panel unit root tests and panel cointegration tests when the spatial panel data are weakly or spatially dependent. The volume concludes with a discussion of incorporating strong and weak spatial dependence in non-stationary panel data models. All discussions are accompanied by empirical  testing based on a spatial panel data of house prices in Israel. 

  • Released: November 16, 2020
  • Author: Michael Beenstock,Daniel Felsenstein
  • Rating: 4,9
  • Publisher: Ebook DIgital Agency
  • Total Page: 410 pages
  • File Size: 3670 KB

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