Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7349481 | Economics Letters | 2018 | 15 Pages |
Abstract
This paper applies the latent class approach to underlying spatial dynamic models. Spatial weights are assumed to be time-varying, although the class membership of each unit is fixed over time. The class-specific parameters and class memberships are estimated with EM algorithm. The performance of the proposed model with a finite sample is examined using Monte Carlo simulation.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jiyon Lee,