【摘要】We modify a previously suggested GMM estimator in a spatial panel regressionmodel, which has recently received considerable interest in empirical applications, by takinginto account the difference between disturbances and regression residuals. Consistency andasymptotic normality of the estimator are derived. Analytic results, simulation evidence and anempirical application to Indonesian rice data illustrate the improvement in finite samples.

【关键词】Panel regression;regression residuals;spatial autoregression;spatial econometrics

【文献来源】Matthias Arnold;Dominik Wied.Papers in Regional Studies.2014（1）