Article ID Journal Published Year Pages File Type
7349481 Economics Letters 2018 15 Pages PDF
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
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