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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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.
Metadata
| Item Type: | Article |
|---|---|
| Keyword(s) / Subject(s): | Panel data, Spatial econometrics, Error component, Real exchange rate |
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Depositing User: | Administrator |
| Date Deposited: | 12 Nov 2012 14:02 |
| Last Modified: | 02 Aug 2023 17:00 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/5664 |
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