Chow-Lin Methods in Spatial Mixed Models

Wolfgang Polasek, Richard Sellner and Carlos Llano Verduras

Working Paper series from Rimini Centre for Economic Analysis

Abstract: Missing data in dynamic panel models occur quite often since detailed recording of the dependent variable is often not possible at all observation points in time and space. In this paper we develop classical and Bayesian methods to complete missing data in panel models. The Chow-Lin (1971) method is a classical method for completing dependent disaggregated data and is successfully applied in economics to disaggregate aggregated time series. We will extend the space-time panel model in a new way to include cross-sectional and spatially correlated data. The missing disaggregated data will be obtained either by point prediction or by a numerical (posterior) predictive density. Furthermore, we point out that the approach can be extended to more complex models, like flow data or systems of panel data. The panel Chow-Lin approach will be demonstrated with examples involving regional growth for Spanish regions.

Keywords: Space-time interpolation; Spatial panel econometrics; MCMC; Spatial Chow-Lin; missing regional data; Spanish provinces; MCMC; NUTS: nomenclature of territorial units for statistics (search for similar items in EconPapers)
JEL-codes: C11 C15 C52 E17 R12 (search for similar items in EconPapers)
Date: 2010-01
New Economics Papers: this item is included in nep-ecm, nep-geo and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:rim:rimwps:47_10

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