Spatial Vector Error Correction

Michael Beenstock*, Daniel Felsenstein

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


We begin with a theoretical discussion on the spatiotemporal dynamics induced by spatial VECMs (SpVECM). Subsequently, a hierarchy of empirical error correction models for house prices and housing construction in Israel is reported based on the empirical results for spatial panel cointegration reported in Chap. 8. Empirical illustrations for single equation error correction are presented and discussed. This is followed by empirical illustration of error correction involving two equations (house prices and housing construction) in which error correction occurs within and between equations, as in a SpVECM.

Original languageAmerican English
Title of host publicationAdvances in Spatial Science
PublisherSpringer International Publishing
Number of pages18
StatePublished - 2019

Publication series

NameAdvances in Spatial Science
ISSN (Print)1430-9602
ISSN (Electronic)2197-9375

Bibliographical note

Publisher Copyright:
© 2019, Springer Nature Switzerland AG.


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