Showing 1 - 10 of 107
In studying the asymptotic and finite sample properties of quasi-maximum likelihood (QML) estimators for the spatial linear regression models, much attention has been paid to the spatial lag dependence (SLD) model; little has been given to its companion, the spatial error dependence (SED) model....
Persistent link: https://www.econbiz.de/10011755286
normality. Bootstrap inference can be expected to be more reliable, and appropriate bootstrap procedures are proposed. As an … enough for asymptotic and bootstrap inference to be almost identical, but that, in the twenty-first century, the bootstrap …
Persistent link: https://www.econbiz.de/10011995215
bootstrap, in the case of inequality indices. To estimate the parameters of the assumed parametric data generating distribution … inequality index. Its primary advantage is that the scale parameter does not need to be estimated to perform parametric bootstrap … suggest that this feature provides an advantage over the parametric bootstrap using the maximum likelihood estimator. We also …
Persistent link: https://www.econbiz.de/10011995222
-defined. Several bootstrap procedures are proposed. They alleviate the problem and allow reliable inference when the instruments are …
Persistent link: https://www.econbiz.de/10011755304
The standard approach to indirect inference estimation considers that the auxiliary parameters, which carry the identifying information about the structural parameters of interest, are obtained from some recently identified vector of estimating equations. In contrast to this standard...
Persistent link: https://www.econbiz.de/10012696229
La heterogeneidad espacial es uno de los efectos espaciales (además de la autocorrelación espacial, que es un efecto más conocido) que está relacionado con la diferenciación espacial o regional de las unidades geográficas. Se trata de un concepto que viene definido por la ausencia de...
Persistent link: https://www.econbiz.de/10005119204
The ordinary least squares (OLS) estimator for spatial autoregressions may be consistent as pointed out by Lee (2002), provided that each spatial unit is influenced aggregately by a significant portion of the total units. This paper presents a unified asymptotic distribution result of the...
Persistent link: https://www.econbiz.de/10012696297
This paper builds on Kočenda (2001) and extends it in two ways. First, two new intervals of the proximity parameter ε (over which the correlation integral is calculated) are specified. For these ε- ranges new critical values for various lengths of the data sets are introduced and through...
Persistent link: https://www.econbiz.de/10005407903
In panel data the interest is often in slope estimation while taking account of the unobserved cross sectional heterogeneity. This paper proposes two nonparametric slope estimation where the unobserved effect is treated as fixed across cross section. The first estimator uses first-differencing...
Persistent link: https://www.econbiz.de/10005119099
In this paper we study the relationship between the number of replications and the accuracy of the estimated quantiles of a distribution obtained by simulation. A method for testing hypotheses on the quantiles of a theoretical distribution using the simulated distribution is proposed, as well as...
Persistent link: https://www.econbiz.de/10005119142