Specification and estimation of spatial econometric models: A discussion of alternative strategies for spatial economic modelling

Hans J. Blommestein

Research output: Contribution to journalArticleAcademic

39 Citations (Scopus)
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Abstract

The semantical insufficiency of (spatial) economic theories necessitates the making of additional assumptions — thereby introducing substantial specification uncertainty — in order to arrive at a fully specified econometric model. The traditional or current approach to econometric modelling treats specification uncertainty inadequately. This proposition is illustrated by two well-known examples from the spatial economic literature. Two alternative specification strategies for spatial economic modelling — designed to improve the current spatial econometric modelling approach — are proposed. One of these strategies is used for a specification analysis of agricultural output in Eire.
Original languageEnglish
Pages (from-to)251-270
JournalRegional Science and Urban Economics
Volume13
Issue number2
DOIs
Publication statusPublished - 1983

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