Publication

Specification of spatial models: A simulation study on weights matrices

Stakhovych, S. & Bijmolt, T. H. A., Jun-2009, In : Papers in Regional Science. 88, 2, p. 389 - 408 21 p.

Research output: Contribution to journalArticleAcademicpeer-review

The correct specification of spatial models, and especially the choice of the spatial weights matrix, represents a crucial decision for researchers using georeferenced data. However, few guidelines exist on which weights matrix is most appropriate in certain cases. This paper therefore (1) studies the sensitivity of testing and estimating spatial models with different weights matrix specifications and (2) formulates recommendations for researchers applying spatial models regarding model selection and weights matrix specification. The research is based on Monte Carlo simulations with synthetic data.

Original languageEnglish
Pages (from-to)389 - 408
Number of pages21
JournalPapers in Regional Science
Volume88
Issue number2
Publication statusPublished - Jun-2009

    Keywords

  • Spatial econometrics, weights matrices, model selection, parameter estimates, Monte Carlo simulations, REGRESSION-MODELS, SOCIAL-INFLUENCE, DEPENDENCE, AUTOCORRELATION, IDENTIFICATION, SPILLOVERS, QUALITY, TESTS

ID: 1685470