Labor market conditions are similar in regions that are near each other. This is called positive spatial correlation.

Econometrica publishes original articles in all branches of economics - theoretical and empirical, abstract and applied, providing wide-ranging coverage across the subject area. It promotes studies ...

In this paper, we consider the deterministic trend model where the error process is allowed to be weakly or strongly correlated and subject to non-stationary ...

Our news editors obtained a quote from the research, "This allows to capture both contagion and correlation potentially arising among insureds' behaviors. In this framework, an external market driven ...