Baltagi, Badi H.; Fingleton, Bernard; Pirotte, Alain - Center for Policy Research, Maxwell School - 2012
This paper focuses on the estimation and predictive performance of several estimators for the dynamic and autoregressive spatial lag panel data model with spatially correlated disturbances. In the spirit of Arellano and Bond (1991) and Mutl (2006), a dynamic spatial GMM estimator is proposed...