Serial and spatial error correlation

J. Paul Elhorst

doi:10.1016/j.econlet.2008.03.009

Serial and spatial error correlation

J. Paul Elhorst^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › Academic › peer-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 language	English
Pages (from-to)	422-424
Number of pages	3
Journal	Economics Letters
Volume	100
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2008.03.009
Publication status	Published - Sep-2008

Keywords

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

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title = "Serial and spatial error correlation",

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.",

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author = "Elhorst, {J. Paul}",

year = "2008",

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AB - 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.

KW - space-time data

KW - time-series econometrics

KW - spatial econometrics

KW - PANEL-DATA

KW - MODELS

U2 - 10.1016/j.econlet.2008.03.009

DO - 10.1016/j.econlet.2008.03.009

M3 - Article

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EP - 424

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

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