Econometric identification of the structures of spatial processes and a problem of data aggregation

Journal Title: Acta Universitatis Nicolai Copernici, Ekonomia - Year 2011, Vol 42, Issue 1

Abstract

The paper concerns the measurement of the dependence between economic spatial processes at various levels of data aggregation. The considerations refer to the investigations confirming efficiency of the so-called quasi-congruent spatial model as a tool of the measurement of the dependence between economic processes, on condition that the model description of the structures of the processes is correct and sufficient. The main problem of the paper is to discuss such a description of the spatial connections, which would be adequate to express the autodependence of the investigated processes. The application of the economic distance, which characterizes the similarity of the regions on the ground of the values of the analyzed processes, is proposed.

Authors and Affiliations

Elżbieta Szulc

Keywords

Related Articles

Przenoszenie ryzyka ekstremalnego między rynkami kontraktów futures na surowce rolne

W artykule przedstawiono wyniki analizy przenoszenia ryzyka ekstremalnego między wybranymi rynkami kontraktów futures na zboża i oleiste w USA i Europie. W tym celu zastosowano test przyczynowości w sensie Grangera w ryz...

Expected volume of information on transformation of structures as a measure of dissimilarity of structures

In socio-economic issues there is need to assess the degree of transformations between the assumed structure (a priori) ant the structure actually formed (a posteriori). This can apply to, for instance, the comparison of...

Linearity kernel test

The aim of this paper is to presents the results of simulation studies of size and power of the kernel linearity test, which belongs to a class of nonparametric tests. Simulation survey was carried out for linear and non...

Innovation in the Economic Thought from the 18th to the 20th Century: Analysis of Selected Issues

The paper is a review of economic thought with regard to technological change, inventions and innovations commencing from the legacy of Adam Smith and ending on the work of Michał Kalecki. The works of Solow, Swan, Arro...

Pricing of american and european options using the Markov decision processes

The paper describes the theoretical foundations of Markov decision processes (MDP), presents the pricing algorithms for European and American call and put options using the MDP. Results were compared with results obtaine...

Download PDF file
  • EP ID EP86390
  • DOI -
  • Views 147
  • Downloads 0

How To Cite

Elżbieta Szulc (2011). Econometric identification of the structures of spatial processes and a problem of data aggregation. Acta Universitatis Nicolai Copernici, Ekonomia, 42(1), 183-198. https://europub.co.uk/articles/-A-86390