Small-sample Properties of Panel Spatial Autoregressive Models: Comparison of the Bayesian and Maximum Likelihood MethodsAn earlier version of this paper was presented at the 2007 Fall meeting of Japanese Economic Association at Nihon University

Kazuhiko Kakamu and Hajime Wago

Spatial Economic Analysis, 2008, vol. 3, issue 3, 305-319

Abstract: Abstract This article considers autoregressive (SAR) models. We method to estimate the parameters of likelihood (ML) method. Our Bayesian by the Monte Carlo studies. We found the efficient as the ML estimators.

Keywords: Fixed effect; Markov chain Monte Carlo (MCMC); maximum likelihood; panel spatial autoregressive model; random effect; C11; C15; 23 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

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DOI: 10.1080/17421770802353725

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