Bias correction and refined inferences for fixed effects spatial panel data models

• Main Authors: YANG, Zhenlin, YU, Jihai, LIU, Shew Fan
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2016
• Subjects: Bias correction; Bootstrap; Fixed effects; Refined t-ratios; Spatial panels; Variance correction; Wild bootstrap; Econometrics; Economics
• Online Access: https://ink.library.smu.edu.sg/soe_research/1919; https://ink.library.smu.edu.sg/context/soe_research/article/2918/viewcontent/BiasCorrectionRefinedInferencesSPD_Sept2015.pdf
• Institution: Singapore Management University

This paper first presents simple methods for conducting up to third-order bias and variance corrections for the quasi maximum likelihood (QML) estimators of the spatial parameter(s) in the fixed effects spatial panel data (FE-SPD) models. Then, it shows how the bias and variance corrections lead to...