Serial and spatial error correlation

J. Paul Elhorst*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

32 Citations (Scopus)

Abstract

This paper demonstrates that jointly modeling serial and spatial error correlation results in a trade-off between the serial and spatial autocorrelation coefficients. Ignoring this trade-off causes inefficiency and may lead to nonstationarity. (C) 2008 Elsevier B.V. All rights reserved.

Original languageEnglish
Pages (from-to)422-424
Number of pages3
JournalEconomics Letters
Volume100
Issue number3
DOIs
Publication statusPublished - Sep-2008

Keywords

  • space-time data
  • time-series econometrics
  • spatial econometrics
  • PANEL-DATA
  • MODELS

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