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geometric ergodicity of the model. Simulation results justify the use of limit theory in empirically relevant settings. The …
Persistent link: https://www.econbiz.de/10011658755
Persistent link: https://www.econbiz.de/10009720763
forecasts is usually based on a pseudo-panel that consists of a limited number of observations over time, and a large number of … spatial structure that is required for the estimation of spatial models improves the forecasting performance of non …
Persistent link: https://www.econbiz.de/10011343272
literature. In contrast, studies on relative location tend to be weakly linked to theory, but apply relatively sophisticated … appropriateness of such models, and identify areas of potential concern. The rather weak linkage between theory and operational models …
Persistent link: https://www.econbiz.de/10011342567
Existing indices measuring the spatial distribution of economic activity such as the Krugman Specialisation Index, the Hirschmann-Herfindahl index and the Ellison-Glaeser index typically do not take into account the spatial structure of the data. In this paper, we first consider traditional...
Persistent link: https://www.econbiz.de/10011373826
-sectional dependence, which may arise from local network structures. Model selection, filtering of the dynamic factors, and estimation are …
Persistent link: https://www.econbiz.de/10012421000
Section 4 we demonstrate that in this extended setup Probit - estimation on panel data sets does not pose a specific problem …Mundlak (1978) proposed the addition of time averages to the usual panel equation in order to remove the fixed effects …
Persistent link: https://www.econbiz.de/10011337153
clustered over time, suggesting the possibility that technology levels are converging locally. Estimation of spatial versions of …
Persistent link: https://www.econbiz.de/10011335193
Socio-economic interrelationships among regions can be measured in terms of economic flows, migration, or physical geographically-based measures, such as distance or length of shared areal unit boundaries. In general, proximity and openness tend to favour a similar economic performance among...
Persistent link: https://www.econbiz.de/10011349204
Persistent link: https://www.econbiz.de/10002128197