A0570
Title: Strong spatial dependence
Authors: Francesca Rossi - University of Verona (Italy)
Offer Lieberman - Bar-Ilan Univesity (Israel)
Jungyoon Lee - Royal Holloway, University of London (United Kingdom) [presenting]
Abstract: The purpose is to study the asymptotic behavior of the two-stage least squares estimation in spatial autoregression when the spatial dependence is strong. Motivated by periods of exuberance in the housing market leading to estimates of spatial parameters in the explosive range, the asymptotic properties of estimates in such models are explored, linking the results to those available in the time series literature.
