Empirical analysis of interdependency in municipal fiscal behavior

关于地方政府与周边政府合并后财政行为的实证研究较少。然而，空间计量经济学的最新发展使我们能够将空间或时空自相关视为空间或时空自回归模型。在这项研究中，我们通过新的计算机程序扩大了技术覆盖的范围。作为实证应用，我们集中在市政财政行为的空间模型。我们的新估计程序的主要特点是（1）多空间项，（2）功能异方差扰动，（3）同时空间自回归模型。

There were few empirical studies on fiscal behavior of local governments which incorporates with neighboring governments. However, recent developments in spatial econometrics enable us to consider spatial or spatio-temporal autocorrelation as spatial or spatio-temporal autoregressive models. In this research, we broadened the area the technique covers by our new computer program. As empirical applications, we concentrated on spatial models of municipal fiscal behavior. Main features of our new estimation program are (1) Multiple spatial terms, (2) Functional heterosckedastic disturbances, and (3) Simultaneous spatial autoregressive model.