Indirect inference in spatial autoregression
Ordinary least-squares (OLS) is well known to produce an inconsistent estimator of the spatial parameter in pure spatial autoregression (SAR). In this paper, we explore the potential of indirect inference to correct the inconsistency of OLS. Under broad conditions, it is shown that indirect inferenc...
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Main Authors: | , , |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2017
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Online Access: | https://ink.library.smu.edu.sg/soe_research/2214 https://ink.library.smu.edu.sg/context/soe_research/article/3213/viewcontent/ectj12084.pdf |
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Institution: | Singapore Management University |
Language: | English |