After 'Raising the Bar': Applied Maximum Likelihood Estimation of Families of Models in Spatial Econometrics

26 Pages Posted: 15 Dec 2011  

Roger Bivand

Norwegian School of Economics (NHH) - Department of Economics; Adam Mickiewicz University

Date Written: October 20, 2011

Abstract

Elhorst (2010) shows how the recent publication of LeSage and Pace (2009) in his expression “raises the bar” for our fitting of spatial econometrics models. By extending the family of models that deserve attention, Elhorst reveals the need to explore how they might be fitted, and discusses some alternatives. This paper attempts to take up this challenge with respect to implementation in the R spdep package for the maximum likelihood case, using a smaller data set to see whether earlier conclusions would be changed when newer techniques are used, and two larger data sets to examine model fitting issues.

Suggested Citation

Bivand, Roger, After 'Raising the Bar': Applied Maximum Likelihood Estimation of Families of Models in Spatial Econometrics (October 20, 2011). NHH Dept. of Economics Discussion Paper No. 22/2011. Available at SSRN: https://ssrn.com/abstract=1972278 or http://dx.doi.org/10.2139/ssrn.1972278

Roger Bivand (Contact Author)

Norwegian School of Economics (NHH) - Department of Economics ( email )

Helleveien 30
N-5035 Bergen
Norway

Adam Mickiewicz University ( email )

Wieniawskiego 1
Poznan, 61-712
Poland

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