Discussion: Applications and Innovations in Spatial Econometrics

Abstract

These articles provide a discussion of studies presented in a session on spatial econometrics, focusing on the ability of spatial regression models to quantify the magnitude of spatial spillover impacts. Both articles presented argue that a proper modeling of spatial spillovers is required to truly understand the phenomena under study, in one case the impact of climate change on land values (or crop yields) and in the second the role of regional industry composition on regional business establishment growth.lagged variables, panel data, spatial spillovers, Community/Rural/Urban Development, Environmental Economics and Policy, Resource /Energy Economics and Policy, C33, C51,