Bayesian estimation of the functional spatial lag model

DOI10.1515/JTSE-2019-0047zbMATH Open1474.62459arXiv1908.02739OpenAlexW3033488483MaRDI QIDQ2019878FDOQ2019878

Authors: Alassane Aw, Emmanuel Nicolas Cabral 

Publication date: 22 April 2021

Published in: Journal of Time Series Econometrics (Search for Journal in Brave)

Abstract: The spatial lag model (SLM) has been widely studied in the literature for spatialised data modeling in various disciplines such as geography, economics, demography, regional sciences, etc. This is an extension of the classical linear model that takes into account the proximity of spatial units in modeling. The extension of the SLM model in the functional framework (the FSLM model) as well as its estimation by the truncated maximum likelihood technique have been proposed by cite{Ahmed}. In this paper, we propose a Bayesian estimation of the FSLM model. The Bayesian MCMC technique is used as estimation methods of the parameters of the model. A simulation study is conducted in order to compare the results of the Bayesian estimation method with the truncated maximum likelihood method. As an illustration, the proposed Bayesian method is used to establish a relationship between the unemployment rate and the curves of illiteracy rate observed in the 45 departments of Senegal.

Full work available at URL: https://arxiv.org/abs/1908.02739

Recommendations

• Functional SAC model: with application to spatial econometrics
• Hierarchical Bayesian models for predicting spatially correlated curves
• The Bayes estimation of parameters of spatial autoregressive model
• Functional-coefficient spatial autoregressive models with nonparametric spatial weights
• Spatial regression estimation for functional data with spatial dependency

zbMATH Keywords

functional data analysisBayesian estimationMCMC algorithmsspatial lag model

Mathematics Subject Classification ID

Bayesian inference (62F15) Directional data; spatial statistics (62H11) Applications of statistics to economics (62P20) Functional data analysis (62R10)

Cites Work

• Introduction to spatial econometrics.
• A comment on the orthogonalization of B-spline basis functions and their derivatives
• Functional data analysis.
• Markov chains for exploring posterior distributions. (With discussion)
• Functional linear model
• Testing Hypotheses in the Functional Linear Model
• Title not available (Why is that?)
• Generalized functional linear models
• General state space Markov chains and MCMC algorithms
• Clustering for Sparsely Sampled Functional Data
• Model-based clustering for multivariate functional data
• Kernel regression estimation for continuous spatial processes
• Methodology and convergence rates for functional linear regression
• Bayesian Econometric Methods
• Minimax adaptive tests for the functional linear model
• A second order approach to analyse spatial point patterns with functional marks

Cited In (4)

• LARGE SAMPLE PROPERTIES OF BAYESIAN ESTIMATION OF SPATIAL ECONOMETRIC MODELS
• Restricted estimation of distributed lag model from a Bayesian point of view
• A Bayesian estimation method for the functional spatial error model
• Functional SAC model: with application to spatial econometrics

Uses Software

• fda (R)
• Arc_Mat
• BayesDA
• orthogonalsplinebasis

This page was built for publication: Bayesian estimation of the functional spatial lag model

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2019878)