In:
Jahrbücher für Nationalökonomie und Statistik, Walter de Gruyter GmbH, Vol. 228, No. 5-6 ( 2008-10-1), p. 612-629
Abstract:
This paper presents an overview of recently developed estimation methods for dynamic panel data models with spatial correlation. We discuss the specification, the main assumptions and the implications of the model. The most important estimation strategy is the application of Generalized Method of Moments (GMM). The focus lies on the derivation of the moment conditions, the estimation of the degree of spatial correlation and the specification of the optimal weighting matrix. Finally we estimate an augmented matching function to analyze the effects of active labour market policy programs in Germany using two different weighting schemes.
Type of Medium:
Online Resource
ISSN:
2366-049X
,
0021-4027
DOI:
10.1515/jbnst-2008-5-612
Language:
English
Publisher:
Walter de Gruyter GmbH
Publication Date:
2008
detail.hit.zdb_id:
2416178-0
detail.hit.zdb_id:
215643-X
