A Comment on Specification Searches in Spatial Econometrics: The Relevance of Hendry’s Methodology
نویسنده
چکیده
Florax et al. (2003) undertake a simulation study designed to assess the properties of various selection strategies applied to a spatial modelling problem. Unfortunately, a serious flaw in their experimental design vitiates their main conclusions. A proposal for how to rectify the problem suggests that the opposite conclusion might well result, particularly for more interesting settings than the simple one they considered.
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