TY - JOUR
T1 - One-directional adjacency matrices in spatial autoregressive model
T2 - A land price example and Monte Carlo results
AU - Yokoi, Takahisa
AU - Ando, Asao
N1 - Funding Information:
An earlier version of this article was presented at the “3rd World Conference of the Spatial Econometrics Association” in Barcelona, Spain 2009. We are grateful for discussions at the conference. Many helpful comments from two anonymous referees have improved the paper. Financial support from the Japan Society for the Promotion of Science (JSPS) through a Grant-in-Aid (No. 20360226 ) is gratefully acknowledged. The usual disclaimer applies.
PY - 2012/1
Y1 - 2012/1
N2 - 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.
AB - 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.
KW - Land price
KW - One-directional relationship
KW - Spatial adjacency matrix
KW - Spatial autocorrelation
UR - http://www.scopus.com/inward/record.url?scp=82355173114&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=82355173114&partnerID=8YFLogxK
U2 - 10.1016/j.econmod.2011.08.011
DO - 10.1016/j.econmod.2011.08.011
M3 - Article
AN - SCOPUS:82355173114
SN - 0264-9993
VL - 29
SP - 79
EP - 85
JO - Economic Modelling
JF - Economic Modelling
IS - 1
ER -