Prediction, Panel Data, Fixed Effects, Random Effects, Serial Correlation, Spatial Error Correlation, Unbiased Predictor
Econometrics | Economics | Economic Theory
This paper considers the generalized spatial panel data model with serial correlation proposed by Lee and Yu (2012) which encompasses a lot of the spatial panel data models considered in the literature, and derives the best linear unbiased predictor (BLUP) for that model. This in turn provides valuable BLUP for several spatial panel models as special cases.
Baltagi, Badi H. and Liu, Long, "Prediction in a Generalized Spatial Panel Data Model with Serial Correlation" (2016). Center for Policy Research. 219.
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