One-directional adjacency matrices in spatial autoregressive model: A land price example and Monte Carlo results

In the context of spatial econometrics, we discuss the specification of one-directional effects, not mutual dependencies. Using an empirical study (a spatial autoregressive model of land price data in Fukui Prefecture, Japan) and Monte Carlo simulation results (contiguity matrices built based on regular lattices using the rook criteria), we show that spatial dependencies might not be recognized if such dependencies are assumed to be reciprocal.

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Year of publication:	2012
Authors:	Yokoi, Takahisa ; Ando, Asao
Published in:	Economic Modelling. - Elsevier, ISSN 0264-9993. - Vol. 29.2012, 1, p. 79-85
Publisher:	Elsevier
Subject:	Land price \| Spatial autocorrelation \| Spatial adjacency matrix \| One-directional relationship

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Type of publication:	Article
Classification:	R14 - Land Use Patterns ; C21 - Cross-Sectional Models; Spatial Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010599353