Łaszkiewicz, Edyta; Dong, Guanpeng; Harris, Richard - In: Comparative economic research : Central and Eastern Europe 17 (2014) 4, pp. 155-172
As is well known, ignoring spatial heterogeneity leads to biased parameter estimates, while omitting the spatial lag of a dependent variable results in biasness and inconsistency (Anselin, 1988). However, the common approach to analysing households' expenditures is to ignore the potential...
