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Specification and Estimation of Spatial Autoregressive Models with Autoregressive and Heteroskedastic Disturbances

Kelejian, Harry H. - 2008

One important goal of this study is to develop a methodology of inference for a widely used Cliff-Ord type spatial model containing spatial lags in the dependent variable, exogenous variables, and the disturbance terms, while allowing for unknown heteroskedasticity in the innovations. We first...

Persistent link: https://www.econbiz.de/10012768815

Fixed Effects and Random Effects Estimation of Higher-Order Spatial Autoregressive Models with Spatial Autoregressive and Heteroskedastic Disturbances

Badinger, Harald - 2014

This paper develops a unified framework for fixed and random effects estimation of higher-order spatial autoregressive panel data models with spatial autoregressive disturbances and heteroskedasticity of unknown form in the idiosyncratic error component. We derive the moment conditions and...

Persistent link: https://www.econbiz.de/10013051285

GM Estimation of Higher-Order Spatial Autoregressive Processes in Cross-Section Models with Heteroskedastic Disturbances

Badinger, Harald; Egger, Peter H. - 2021

This paper generalizes the approach to estimating a first-order spatial autoregressive model with spatial autoregressive disturbances (SARAR(1,1)) in a cross-section with heteroskedastic innovations by Kelejian and Prucha (2008) to the case of spatial autoregressive models with spatial...

Persistent link: https://www.econbiz.de/10013316494

How Productive is Public Capital? A Meta-Analysis

Bom, Pedro; Ligthart, Jenny E. - 2021

The paper analyzes the contribution of public capital to private output using several meta-analytical techniques. Both fixed and random effects models are estimated by Weighted Least Squares. Sample overlap across studies is explicitly controlled for by employing a 'full' Generalized Least...

Persistent link: https://www.econbiz.de/10013316601

Economic Growth in Africa: Comparing Recent Improvements with the "lost 1980s and early 1990s" and Estimating New Growth Trends

Leibfritz, Willi; Flaig, Gebhard - CESifo - 2013

in many countries and more needs to be done to make growth more “inclusive”.In the second part we estimate the trend … the growth rates of GDP trend. For Africa as a hole and for most countries we find relatively low trend growth rates until … the mid-nineties. Since then the trend growth rates rose remarkably - for Africa from 2 % to about 5 %. In the last five …

Persistent link: https://www.econbiz.de/10010641423

Trend and Cycles in U.S. Real GDP

Flaig, Gebhard - CESifo - 2001

In this paper an Unobserved Components Model is employed to decompose U.S. real GDP into trend and cycle components … the long-run development during the last 50 years can be represented by a segmented linear trend with a break in the drift …

Persistent link: https://www.econbiz.de/10005196244

Unoberserved Components Models for Quarterly German GDP

Flaig, Gebhard - CESifo - 2002

In this paper, an Unobserved Components Model is employed to decompose German real GDP into the trend, cycle and …

Persistent link: https://www.econbiz.de/10005405783

The Hodrick-Prescott Filter with a Time-Varying Penalization Parameter. An Application for the Trend Estimation of Global Temperature.

Blöchl, Andreas; Flaig, Gebhard - CESifo - 2014

with a reliable estimation of the trend component at the end of the data sample. To this end we employ time-varying values … of the flexible penalization the trend component of temperature is still increasing, possibly with a somewhat lower pace. …

Persistent link: https://www.econbiz.de/10010734331

Size and Development of Tax Evasion in 38 OECD Countries : What Do We (Not) Know?

Buehn, Andreas - 2012

the driving forces of tax evasion, we observe a declining trend of tax evasion between 1999 and 2010 for all countries …

Persistent link: https://www.econbiz.de/10013097433

Pollution, Shadow Economy and Corruption : Theory and Evidence

Biswas, Amit K. - 2013

We study how the shadow economy affects pollution and how this effect depends on corruption levels in public administration. Production in the shadow economy allows firms to avoid environmental regulation policies; a large informal sector may be accompanied by higher pollution levels. Our...

Persistent link: https://www.econbiz.de/10013092159