Spatial Vector Error Correction

Michael Beenstock; Daniel Felsenstein

doi:10.1007/978-3-030-03614-0_9

Spatial Vector Error Correction

Michael Beenstock^*, Daniel Felsenstein

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

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 language	English
Title of host publication	Advances in Spatial Science
Publisher	Springer International Publishing
Pages	233-250
Number of pages	18
DOIs	https://doi.org/10.1007/978-3-030-03614-0_9
State	Published - 2019

Publication series

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

Bibliographical note

Publisher Copyright:
© 2019, Springer Nature Switzerland AG.

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10.1007/978-3-030-03614-0_9

Cite this

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Spatial Vector Error Correction

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