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Loglikelihood and BIC values of candidate econometric models.
| Linear | Spatial AR | Spatial Error | Spatial Durbin | SLE |
|---|---|---|---|---|
| Loglikelihood | −463.894 | −431.395 | −406.816 | −475.093 |
| BIC | 1018.685 | 953.687 | 904.529 | 1041.083 |
| Nonlinear | Spatial AR | Spatial Error | Spatial Durbin | SKE |
| Loglikelihood | −402.232 | −329.748 | −301.887 | −421.020 |
| BIC | 986.259 | 841.291 | 831.018 | 1018.785 |
Note: Bolded numbers correspond to the highest Loglikelihood value and the lowest BIC value.
