Månsson, Kristofer; Shukur, Ghazi; Sjölander, Pär - In: Applied Economics 45 (2013) 29, pp. 4152-4159
In this article, the size and power properties of the Common-factor Im, Pesaran and Shin (CIPS), Wald (W), Likelihood Ratio (LR) and Lagrange Multiplier (LM) tests are investigated when the error term follows a spatial error model. In this study, the results from the Monte Carlo simulations,...