dc.contributor
Universitat Rovira i Virgili. Departament d'Economia
dc.contributor.author
Miranda, Karen
dc.contributor.author
Martínez Ibáñez, Oscar
dc.contributor.author
Manjón Antolín, Miguel C.
dc.date.accessioned
2018-06-01T14:04:55Z
dc.date.accessioned
2024-12-10T13:35:02Z
dc.date.available
2018-06-01T14:04:55Z
dc.date.available
2024-12-10T13:35:02Z
dc.identifier.uri
http://hdl.handle.net/2072/313840
dc.description.abstract
We consider a correlated random effects specification of the spatial Durbin (dynamic) panel model with an error-term containing individual effects and their spatial spillovers. We derive the likelihood function of the model and the asymptotic properties of the quasimaximum likelihood estimator. We also provide illustrative evidence from a growth-initial level equation and the country dataset analysed by Lee and Yu (2016). While largely replicating their estimates, our results indicate the existence of spatial contagion in the individual effects. In particular, estimated spill-in/out effects reveal the existence of groups of countries with common patterns in their spillovers. Keywords: correlated random effects, Durbin model, spatial dynamic panel data. JEL Classification: C23
eng
dc.format.extent
66 p.
cat
dc.publisher
Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
cat
dc.relation.ispartofseries
Documents de treball del Departament d'Economia;2016-23
dc.rights
L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.source
RECERCAT (Dipòsit de la Recerca de Catalunya)
dc.subject.other
Anàlisi espacial (Estadística)
cat
dc.subject.other
Anàlisi de dades de panel
cat
dc.title
A correlated random effects spatial Durbin model
cat
dc.type
info:eu-repo/semantics/workingPaper
cat
dc.rights.accessLevel
info:eu-repo/semantics/openAccess
