Publication Type
Journal Article
Version
publishedVersion
Publication Date
4-2006
Abstract
This paper proposes a generalized dynamic error component model that simultaneously accounts for the effects of functional form and spatial dependence. Maximum likelihood method is used for model estimation and inference. An empirical illustration using the demand for cigarettes data is given.
Keywords
Functional form, Spatial correlation, Maximum likelihood estimation
Discipline
Econometrics
Research Areas
Econometrics
Publication
Economics Letters
Volume
91
Issue
1
First Page
138
Last Page
145
ISSN
0165-1765
Identifier
10.1016/j.econlet.2005.11.011
Publisher
Elsevier
Citation
YANG, Zhenlin; LI, Chen Wei; and TSE, Yiu Kuen.
Functional Form and Spatial Dependence in Dynamic Panels. (2006). Economics Letters. 91, (1), 138-145.
Available at: https://ink.library.smu.edu.sg/soe_research/178
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1016/j.econlet.2005.11.011