One-directional adjacency matrices in spatial autoregressive model: A land price example and Monte Carlo results

Takahisa Yokoi, Asao Ando

Research output: Contribution to journalArticlepeer-review

4 Citations (Scopus)

Abstract

In the context of spatial econometrics, we discuss the specification of one-directional effects, not mutual dependencies. Using an empirical study (a spatial autoregressive model of land price data in Fukui Prefecture, Japan) and Monte Carlo simulation results (contiguity matrices built based on regular lattices using the rook criteria), we show that spatial dependencies might not be recognized if such dependencies are assumed to be reciprocal.

Original languageEnglish
Pages (from-to)79-85
Number of pages7
JournalEconomic Modelling
Volume29
Issue number1
DOIs
Publication statusPublished - 2012 Jan

Keywords

  • Land price
  • One-directional relationship
  • Spatial adjacency matrix
  • Spatial autocorrelation

ASJC Scopus subject areas

  • Economics and Econometrics

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