This article develops improved calculation techniques for estimating the spatial econometric interaction model of LeSage and Pace (2008) by maximum likelihood (MLE), Bayesian Markov Chain Monte Carlo (MCMC) two-stage least-squares (S2SLS). The refined estimation methods derive parameter estimates their standard errors exclusively from moment matrices with low dimensions. For computation these m...

This paper considers the statistical analysis of large panel data sets where even after conditioning on common observed e¤ects the cross section units might remain dependently distributed. This could arise when the cross section units are subject to unobserved common e¤ects and/or if there are spill over e¤ects due to spatial or other forms of local dependencies. The paper provides an overview ...

This paper illustrates the effects of item-nonresponse in surveys on the results of multivariate statistical analysis when estimation of productivity is the task. To multiply impute the missing data a data augmentation algorithm based on a normal/Wishart model is applied. Data of the German IAB Establishment Panel from waves 2000 and 2001 are used to estimate the establishment’s productivity. T...

Andrea Bonaccorsi Dipartimento di Sistemi Elettrici ed Automazione, Facoltà di Ingegneria, Università di Pisa Via Diotisalvi 2 – 56126 Pisa E-mail: [email protected] Lucia Piscitello Dipartimento di Ingegneria Gestionale, Politecnico di Milano Piazza Leonardo da Vinci 32 – 20133 Milano E-mail: [email protected] Cristina Rossi Scuola Superiore Sant’Anna P.za Martiri per la Libertà 33 ...

Household saving behavior in China during the past thirty years is studied by using econometric models. The urban sector and the rural sector are investigated separately: the time-varying-parameter technique is applied to urban time-series data, and panel data are used for estimation of the rural sector. The estimated results of the models are robust and in line with those of similar studies of...

For decades, economists have used the hedonic model to estimate demands for the implicit characteristics of differentiated commodities. The traditional cross-sectional approach can recover marginal willingness to pay for characteristics, but has faltered over a difficult endogeneity problem for non-marginal welfare measures. I show that when marginal prices can be reliably estimated, and when p...

Improving the efficiency of local fiscal expenditure is an important way to swiftly mitigate risks according current economic situation. Based on provincial panel data 30 provinces in mainland China (except Tibet Autonomous Region) from 2007 2018, a Tobit spatial error model was constructed test impact national auditing and investigate intermediary role media attention. Findings show that discl...