Stochastic Efficiency of Bayesian Markov Chain Monte Carlo in Spatial Econometric Models: An Empirical Comparison of Exact Sampling Methods

• Published in: Geographical analysis Vol. 50; no. 1; pp. 97 - 119
• Main Authors: Wolf, Levi John, Anselin, Luc, Arribas‐Bel, Daniel
• Format: Journal Article
• Language: English
• Published: 01.01.2018

Spatial econometric specifications pose unique computational challenges to Bayesian analysis, making it difficult to estimate models efficiently. In the literature, the main focus has been on extending Bayesian analysis to increasingly complex spatial models. The stochastic efficiency of commonly us...