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Spatial panel data analysis with feasible GLS techniques: an application to the Chinese real exchange rate

Hall, S.G. and Guo, Qian (2012) Spatial panel data analysis with feasible GLS techniques: an application to the Chinese real exchange rate. Economic Modelling 29 (1), pp. 41-47. ISSN 0264-9993.

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Official URL: http://dx.doi.org/10.1016/j.econmod.2010.11.025

Abstract

Recent panel data approaches stress the importance of the location interdependence. Little has been done in the Balassa–Samuelson literature accounting for spatial dependence in the panel data context that allows for spatial autocorrelation. By utilising the recently developed Kapoor et al. (2007) spatial panel feasible GLS methods, we find that the Balassa–Samuelson effect in the Chinese economy during 1985 until 2000 generally does not appear to hold. However, the black market exchange rate tends to be more compatible with the theory.

Item Type: Article
Keyword(s) / Subject(s): Panel data, Spatial econometrics, Error component, Real exchange rate
School or Research Centre: Birkbeck Schools and Research Centres > School of Business, Economics & Informatics > Management
Depositing User: Administrator
Date Deposited: 12 Nov 2012 14:02
Last Modified: 17 Apr 2013 12:33
URI: http://eprints.bbk.ac.uk/id/eprint/5664

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