Title

Functional Form and Spatial Dependence in Dynamic Panels

Publication Type

Journal Article

Publication Date

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

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Additional URL

http://dx.doi.org/10.1016/j.econlet.2005.11.011

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