This paper derives a joint Lagrange Multiplier (LM) test which simultaneously tests for the absence of spatial lag dependence and random individual effects in a panel data regression model. It turns out that this LM statistic is the sum of two standard LM statistics. The first one tests for the...

Baltagi and Li (1992) showed that for estimating a single equation in a simultaneous panel data model, EC2SLS has more instruments than G2SLS. Although these extra instruments are redundant in White (1986) terminology, they may yield different estimates and standard errors in empirical studies...

This paper extends the instrumental variable estimators of Kelejian and Prucha (1998) and Lee (2003) proposed for the cross-sectional spatial autoregressive model to the random effects spatial autoregressive panel data model. It also suggests an extension of the Baltagi (1981) error component...

Different from the previous nitrogenous groups, we present a new strategy of improving the ionic liquids (ILs) energy capacity by introducing the strained carbocycles. The ILs with three- and/or four-member carbocycles were prepared, and their physicochemical properties as rocket fuels were...

The use of alternative fuels on marine engine is a major measure to achieve carbon neutrality for shipping industry. In order to evaluate the economics of alternative fuels and promote its use, a new theoretical engine cycle, Miller-Sabathe cycle (MSC), was proposed to identify the upper limit...

Baltagi and Li [Baltagi, B.H., Li, Q., 1992. A note on the estimation of simultaneous equations with error components. Econometric Theory 8, 113-119] showed that for estimating a single equation in a simultaneous panel data model, EC2SLS has more instruments than G2SLS. Although these extra...

This paper derives a joint Lagrange Multiplier (LM) test which simultaneously tests for the absence of spatial lag dependence and random individual effects in a panel data regression model. It turns out that this LM statistic is the sum of two standard LM statistics. The first one tests for the...