APPLICATION OF SPATIAL TECHNIQUES FOR PANEL DATA ANALYSIS OF AGRICULTURAL REAL ESTATE MARKET IN THE YEARS 2004 – 2012
APPLICATION OF SPATIAL TECHNIQUES FOR PANEL DATA ANALYSIS OF AGRICULTURAL REAL ESTATE MARKET IN THE YEARS 2004 – 2012

Summary/Abstract: In the economic studies models based on panel data are increasingly used. The standard panel models are composed of a cross-section character of the data in the time, but do not include the interaction associated with the location of objects in the geographic space. Spatial panel models are based on the information contained cross-section data in the time with regard to space. The paper proposes a different approach to the changes in time on the basis of spatial matrix weight. The aim of this study was to show the possibility to apply spatial weights matrix with particular consideration of time. Data for the analysis came from the database of the CSO and the ARMA in period 2004- 2012. In addition to working methods of spatial statistics classical taxonomic methods were also used to obtain a distance matrix.

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