scholarly journals On fixed effects estimation in spline-based semiparametric regression for spatial data

Author(s):  
Guilherme Ludwig ◽  
Jun Zhu ◽  
Chun-Shu Chen
Author(s):  
Laura Magazzini ◽  
Randolph Luca Bruno ◽  
Marco Stampini

In this article, we describe the xtfesing command. The command implements a generalized method of moments estimator that allows exploiting singleton information in fixed-effects panel-data regression as in Bruno, Magazzini, and Stampini (2020, Economics Letters 186: Article 108519).


2012 ◽  
Vol 10 (2) ◽  
pp. 138-154 ◽  
Author(s):  
Mariusz Doszyń

Econometric Analysis of the Impact of Propensities on Economic Occurrences: A Macroeconomic PerspectiveThe main aim of this article was the specification of problems connected with analysis of impact of human propensities on economic occurrences and also a proposition of econometric tools enabling the identification of this impact. According to the meaning of propensities in economics the current state of knowledge is mostly an effect of considerations presented by J.M. Keynes in his famous book "The General Theory of Employment, Interest and Money" where J.M. Keynes proposed such economic categories as the average and marginal propensities. One of the goals of the presented deliberations was to specify problems related with economic theory of propensities. Such propensities as a propensity to consume, to save, to invest and thesaurisation were particularly carefully analysed. The impact of these propensities on basic macroeconomic variables was considered with respect to the classical model, the neoclassical Solow-Swan model and theIS-LMscheme. In case of spatial data the effects of the impact of propensities could be analysed by means of models with dummy variables showing presence of given propensities. A procedure enabling the construction of such variables was proposed. In case of time series, conceptions delivered by the integration and cointegration theory could be applied. Especially such models as VAR and VECM could be useful. Models for panel data enable direct (models with fixed effects) or indirect (models with random effects) consideration of the impact of propensities on the analysed processes.


2016 ◽  
Vol 2016 (281) ◽  
Author(s):  
Alexander Chudik ◽  
◽  
M. Hashem Pesaran ◽  
Jui-Chung Yang ◽  
◽  
...  

2018 ◽  
Vol 26 (4) ◽  
pp. 102-111 ◽  
Author(s):  
Aneta Cichulska ◽  
Radosław Cellmer

Abstract Hedonic models, commonly applied for analyzing prices in the property market, do not always fulfil their role, mainly due to the application of simplified assumptions concerning the distribution of variables, the nature of relations or spatial heterogeneity. Classical regression models assumed that the variation of the explained variable (price) is explained by the effect of market features (fixed effects) and the residual component. The hierarchical structure of market data, both as regards market segments and the spatial division, suggests that statistical models of prices should also include random effects for selected subgroups of properties and interactions between variables. The mixed model provides an alternative for constructing various regression models for individual groups or for using binary variables within one model. With its appropriate structure, it makes it possible to take into account both the spatial heterogeneity and to examine the effects of individual features on prices within various property groups. It can also identify synergy effects. The article presents the issue of mixed modelling in the property market and an example of its application in a market of dwellings in Olsztyn. The research used transaction data from the price and value register, supplemented with spatial data. The obtained model was compared with classical regression models and geographically weighted regression. The study also covered the usefulness of mixed models in the mass evaluation of properties, and the possibility of using them in spatial analyses and for the development of property value maps.


Author(s):  
Lionel Artige ◽  
Rosella Nicolini

This paper proposes an empirical analysis of the role of memory in determining the size of credits granted by the European Bank for Reconstruction and Development (EBRD) during 1991–2003. We first build an original database from information associated with the number and contract types granted by clients, after which we develop an empirical strategy for capturing the role of memory, namely by defining three different indicators to approximate each client’s reputation. These indicators rely on the client’s identity and, when available, information associated with previous EBRD-financed investment projects. With the fixed-effects estimation technique, our results unambiguously show that the value of the first investment project financed by the EBRD, as a proxy for reputation, is the most effective indicator for established clients to determine the size of the credits they receive to finance further investments.


2014 ◽  
Vol 38 (3) ◽  
pp. 354-377 ◽  
Author(s):  
Thierry Feuillet ◽  
Julien Coquin ◽  
Denis Mercier ◽  
Etienne Cossart ◽  
Armelle Decaulne ◽  
...  

Most studies focusing on landslide spatial analysis have considered the relationships between predictors and landslide occurrence as fixed effects. Yet spatially varying relationships, i.e. non-stationarity, often occur in any spatial data set and should be theoretically considered in statistical models for a better fit. In Skagafjörður, a landslide-rich north–south oriented area located in northern Iceland, we investigated whether spatial non-stationarity in the relationships between paraglacial variables (glacio-isostatic rebound and post-glacial debuttressing, both captured in this area by latitude) and landslide locations is detectable. To explore the non-stationarity of factors that predispose landslide occurrence, we performed two logistic regression models, one global (GLR) and the other enabling the regression parameters to vary locally (geographically weighted logistic regression, GWLR). Each model was computed with two types of outcome, one based on the entire masses of landslides and the other only on the scarps of landslides. GLR results reveal that increasing latitude is associated with increasing probability of landslide occurrence, confirming that post-glacial rebound is of prime importance at the regional scale. Nevertheless, GWLR indicates that this relationship is absent or reversed at some locations, meaning that the influence of paraglacial and other predisposing factors of landsliding (slope, valley depth and curvature) vary at the local scale. This result sheds light on the spatial clustering of three subzones where landsliding drivers are homogeneous. We conclude that a GWR-based approach provides some significant inputs for spatial analysis of mass movement processes, by identifying multi-scale process control zones and by highlighting local drivers, indecipherable in global models.


Author(s):  
Noel Cressie ◽  
Matthew Sainsbury-Dale ◽  
Andrew Zammit-Mangion

Spatial statistics is concerned with the analysis of data that have spatial locations associated with them, and those locations are used to model statistical dependence between the data. The spatial data are treated as a single realization from a probability model that encodes the dependence through both fixed effects and random effects, where randomness is manifest in the underlying spatial process and in the noisy, incomplete measurement process. The focus of this review article is on the use of basis functions to provide an extremely flexible and computationally efficient way to model spatial processes that are possibly highly nonstationary. Several examples of basis-function models are provided to illustrate how they are used in Gaussian, non-Gaussian, multivariate, and spatio-temporal settings, with applications in geophysics. Our aim is to emphasize the versatility of these spatial-statistical models and to demonstrate that they are now center-stage in a number of application domains. The review concludes with a discussion and illustration of software currently available to fit spatial-basis-function models and implement spatial-statistical prediction. Expected final online publication date for the Annual Review of Statistics and Its Application, Volume 9 is March 2022. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.


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