Functional Form and Spatial Dependence in Dynamic Panels
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.
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2006
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/178 https://ink.library.smu.edu.sg/context/soe_research/article/1177/viewcontent/Yang_Tse_Functional_Form_2006.pdf |
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| Institution: | Singapore Management University |
| Language: | English |
| Summary: | 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. |
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