| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5059655 | Economics Letters | 2012 | 4 Pages |
Abstract
⺠We propose to include a spatial time lag term in the spatial dynamic panel data applications. ⺠We explain why the coefficient of that term could be negative. ⺠The spatial time lag can be caused by partial adjustments in public economics. ⺠It can also be caused by inter-temporal budget constraints in consumer behavior. ⺠Monte Carlo experiments support our argument to include the spatial time lag term in estimation.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ji Tao, Jihai Yu,