The Interplay Between the Bayesian and Frequentist Approaches: a General Nesting Spatial Panel Data Model

Publicado en

  • Spatial Economic Analysis


  • The interplay between the Bayesian and Frequentist approaches: a general nesting spatial panel-data model. Spatial Economic Analysis. An econometric framework mixing the Frequentist and Bayesian approaches is proposed in order to estimate a general nesting spatial model. First, it avoids specific dependency structures between unobserved heterogeneity and regressors, which improves mixing properties of Markov chain Monte Carlo (MCMC) procedures in the presence of unobserved heterogeneity. Second, it allows model selection based on a strong statistical framework, characteristics that are not easily introduced using a Frequentist approach. We perform some simulation exercises, finding good performance of the properties of our approach, and apply the methodology to analyse the relation between productivity and public investment in the United States.

fecha de publicación

  • 2017

Líneas de investigación

  • Bayesian Econometrics
  • General Nesting Spatial Model
  • Model Selection
  • Spatial Econometrics

Página inicial

  • 92

Última página

  • 112


  • 12


  • 1