期刊
REGIONAL SCIENCE AND URBAN ECONOMICS
卷 43, 期 2, 页码 307-321出版社
ELSEVIER
DOI: 10.1016/j.regsciurbeco.2012.07.010
关键词
Spatial Tobit model; Three classical tests; Locally most powerful
The simultaneous SAR Tobit model is useful to analyze censored data in a spatial or social interaction setting. This paper focuses on three classical tests of spatial interactions in the simultaneous SAR Tobit model. We derive the asymptotic distributions of those three tests under the null and the local alternative hypotheses, establish their asymptotic equivalence and local efficiency, and study finite sample properties by the Monte Carlo simulation. The tests are applied to an empirical example on the presence of competition among school districts on school district income tax in Iowa. (c) 2012 Elsevier B.V. All rights reserved.
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