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Title:
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Estimating individual effects and their spatial spillovers in linear panel data models: Public capital spillovers after all?
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Author:
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Miranda, Karen; Martínez Ibáñez, Oscar; Manjón Antolín, Miguel C.
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Other authors:
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Universitat Rovira i Virgili. Departament d'Economia |
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Abstract:
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Individual-specific effects and their spatial spillovers are not generally identified in linear panel data models. In this paper we present identification conditions under the assumption that covariates are correlated with the individual-specific effects and derive appropriate GLS and IV estimators for the resulting correlated random effects spatial panel data model. We also illustrate the proposed estimators using a Cobb-Douglas production function specification and US state-level data from Munnell (1990). As in previous studies, we find no evidence of public capital spillovers. However, public capital does play a role in the positive "outwards" spatial contagion of the individual effects. Keywords: correlated random effects, spatial spillovers, panel data. JEL Classification: C23, R11 |
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Publication date:
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2016 |
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Subject(s):
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Anàlisi de dades de panel
Economia regional
Estats Units d' Amèrica |
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Rights:
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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/ |
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Pages:
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36 p. |
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Document type:
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Working Paper |
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Published by:
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Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública
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Collection:
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Documents de treball del Departament d'Economia;2015-26
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