Artikel
Functional-coefficient spatial Durbin models with nonparametric spatial weights: An application to economic growth
This paper considers a functional-coefficient spatial Durbin model with nonparametric spatial weights. Applying the series approximation method, we estimate the unknown functional coefficients and spatial weighting functions via a nonparametric two-stage least squares (or 2SLS) estimation method. To further improve estimation accuracy, we also construct a second-step estimator of the unknown functional coefficients by a local linear regression approach. Some Monte Carlo simulation results are reported to assess the finite sample performance of our proposed estimators. We then apply the proposed model to re-examine national economic growth by augmenting the conventional Solow economic growth convergence model with unknown spatial interactive structures of the national economy, as well as country-specific Solow parameters, where the spatial weighting functions and Solow parameters are allowed to be a function of geographical distance and the countries' openness to trade, respectively.
- Sprache
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Englisch
- Erschienen in
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Journal: Econometrics ; ISSN: 2225-1146 ; Volume: 4 ; Year: 2016 ; Issue: 1 ; Pages: 1-16 ; Basel: MDPI
- Klassifikation
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Wirtschaft
Semiparametric and Nonparametric Methods: General
Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- Thema
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functional coefficients
local linear regression
nonparametric 2SLS estimator
series estimator
Solow economic growth convergence model
spatial Durbin model
- Ereignis
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Geistige Schöpfung
- (wer)
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Koroglu, Mustafa
Sun, Yiguo
- Ereignis
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Veröffentlichung
- (wer)
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MDPI
- (wo)
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Basel
- (wann)
-
2016
- DOI
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doi:10.3390/econometrics4010006
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:45 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Koroglu, Mustafa
- Sun, Yiguo
- MDPI
Entstanden
- 2016