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This study investigates the pattern of knowledge spillovers arising from patent activity between European regions. A Bayesian hierarchical model is developed that specifies region-specific latent effects parameters modeled using a connectivity structure between regions that can reflect...
Persistent link: https://www.econbiz.de/10004972759
We extend the literature on Bayesian model comparison for ordinary least-squares regression models to include spatial autoregressive and spatial error models. Our focus is on comparing models that consist of different matrices of explanatory variables. A Markov Chain Monte Carlo model...
Persistent link: https://www.econbiz.de/10004972760
There is near universal agreement that estimates and inferences from spatial regression models are sensitive to particular specifications used for the spatial weight structure in these models. We find little theoretical basis for this commonly held belief, if estimates and inferences are based...
Persistent link: https://www.econbiz.de/10011105154
type="main" <title type="main">ABSTRACT</title> <p>Spatial interaction or gravity models have been used to model flows that take many forms, for example population migration, commodity flows, traffic flows, all of which reflect movements between origin and destination regions. We focus on how to interpret estimates from...</p>
Persistent link: https://www.econbiz.de/10011202359
This study suggests a two-step approach to identifying and interpreting regional convergence clubs in Europe. The first step calculates Bayesian probabilities for various assignments of regions to two clubs using a general stochastic space-time dynamic panel relationship between growth rates and...
Persistent link: https://www.econbiz.de/10010740365
Spatial regression methodology has been around for most of the 50 years (1961-2011) that the Southern Regional Science Association has been in existence. Cliff and Ord (1969) devised a parsimonious specification for the structure of spatial dependence among observations that could be used to...
Persistent link: https://www.econbiz.de/10010774368