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autocorrelation coefficient of the error term in a Cliff and Ord type model. The main finding is that a Wald-test based on GMM … estimation as derived by Kelejian and Prucha (2005a) performs surprisingly well. Our Monte Carlo study indicates that the GMM …
Persistent link: https://www.econbiz.de/10010261344
This paper presents a generalized moments (GM) approach to estimating an R-th order spatial regressive process in a panel data error component model. We derive moment conditions to estimate the parameters of the higher order spatial regressive process and the optimal weighting matrix required to...
Persistent link: https://www.econbiz.de/10010264361
derive the moment conditions and the optimal weighting matrix for a generalized moments (GM) estimation procedure of the …
Persistent link: https://www.econbiz.de/10010264403
assumptions for a generalized moments (GM) estimation procedure of the spatial autoregressive parameters of the disturbance …
Persistent link: https://www.econbiz.de/10010264566
We adopt a spatial econometric approach to estimate intra- and inter-industry productivity spillovers in total factor productivity transmitted through input-output relations in a sample of 13 OECD countries and 15 manufacturing industries. Both R&D spillovers as well as remainder,...
Persistent link: https://www.econbiz.de/10013316626
thereby fosters economic growth. We apply a structural estimation approach to fully track the endogenous mechanisms of the …
Persistent link: https://www.econbiz.de/10010261393
thereby fosters economic growth. We apply a structural estimation approach to fully track the endogenous mechanisms of the …
Persistent link: https://www.econbiz.de/10010267663
Recycling waste from used goods can substitute for scarce raw materials and reduce resource dependence. This paper presents a model of waste collection, recycling and final goods production using raw and recycled materials. Non-recycled waste must be safely stored by landfill to avoid...
Persistent link: https://www.econbiz.de/10014346450
model of vertical integration in a supplier-producer relationship that is rooted in the property-rights theory to learn …
Persistent link: https://www.econbiz.de/10013224089
This paper proposes a Bayesian estimation framework for panel-data sets with binary dependent variables where a large … micro-, meso-, and macroeconomic levels. The paper outlines the estimation approach, illustrates its suitability by …
Persistent link: https://www.econbiz.de/10013300866