How Reliable Are the Geographical Spatial Weights Matrices?

This paper shows how it is possible to estimate the interconnections between regions by a connectedness matrix recently proposed by Diebold and Yilmaz (2014), and discusses how the connectedness matrix is strictly related to the spatial weights matrix used in spatial econometrics. An empirical application using growth rate volatility of per capita GDP of 199 European NUTS2 regions (EU15) over the period 1981-2008 illustrates how our estimated connectedness matrix is not compatible with the most popular geographical weights matrices used in literature.

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Year of publication:	2015-02-01
Authors:	Fiaschi, Davide ; Parenti, Angela
Institutions:	Dipartimento di Economia e Management, Università degli Studi di Pisa
Subject:	First-order Contiguity \| Distance-based Matrix \| Connectedness Matrix \| European Regions \| Network

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Classification:	C23 - Models with Panel Data ; R11 - Regional Economic Activity: Growth, Development, and Changes ; R12 - Size and Spatial Distributions of Regional Economic Activity ; O52 - Europe
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011164292