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MOSTLY POINTLESS SPATIAL ECONOMETRICS?

delete2012-04-17
delete421
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OA
AI
S
Stephen Gibbons *
H
Henry G. Overman
DOI:10.1111/j.1467-9787.2012.00760.xdelete
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Abstract

Abstract

En 中文
We argue that identification problems bedevil applied spatial economic research. Spatial econometrics usually solves these problems by deriving estimators assuming that functional forms are known and by using model comparison techniques to let the data choose between competing specifications. We argue that in many situations of interest this achieves, at best, only very weak identification. Worse, in many cases, such an approach will be uninformative about the causal economic processes at work, rendering much applied spatial econometric research pointless, unless the main aim is description of the data. We advocate an alternative approach based on the experimentalist paradigm which puts issues of identification and causality at center stage.
Keywords:
EMPIRICAL-ANALYSIS
IDENTIFICATION
COMPETITION
ECONOMICS
SPECIFICATION
REGRESSION
LOCATION
MODELS

Journal

Journal of Regional Science cover
Journal of Regional Science
IF:
2.7
Papers:
2.1K
Citations:
3.2K

Organization

U
university of london
Scholars:
21.5W
Papers: 19.7W
Citations: 305