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Comparing estimation methods for spatial econometrics

Author

Listed:
  • Roger Bivand
  • Gianfranco Piras

Abstract

Investments in infrastructure are often seen as preferred policies for promoting regional growth. It is clear that good infrastructure projects, based on cost-benefit analysis, should show a countercyclical pattern. Being long-term investments, the benefits should be independent of the business cycle. However, the social costs of each project would be lower in cyclical troughs, when there is surplus capacity. The paper hopes to explore whether these relationships can be demonstrated. JEL: C21, R11, R23, R42 Keywords: Regional growth, transport investments, spatial econometrics

Suggested Citation

  • Roger Bivand & Gianfranco Piras, 2012. "Comparing estimation methods for spatial econometrics," ERSA conference papers ersa12p366, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa12p366
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    File URL: https://www-sre.wu.ac.at/ersa/ersaconfs/ersa12/e120821aFinal00368.pdf
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    Cited by:

    1. Gianfranco Piras, 2014. "Impact estimates for static spatial panel data models in R," Letters in Spatial and Resource Sciences, Springer, vol. 7(3), pages 213-223, October.

    More about this item

    Keywords

    regional growth; transport investments; spatial econometrics;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

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