Small Sample Estimation in Dynamic Panel Data Models: A Simulation Study

We used simulated data to investigate both the small and large sample properties of the within-groups (WG) estimator and the first difference generalized method of moments (FD-GMM) estimator of a dynamic panel data (DPD) model. The magnitude of WG and FD-GMM estimates are almost the same for square panels. WG estimator performs best for long panels such as those with time dimension as large as 50. The advantage of FD-GMM estimator however, is observed on panels that are long and wide, say with time dimension at least 25 and cross-section dimension size of at least 30. For small-sized panels, the two methods failed since their optimality was established in the context of asymptotic theory. We developed parametric bootstrap versions of WG and FD-GMM estimators. Simulation study indicates the advantages of the bootstrap methods under small sample cases on the assumption that variances of the individual effects and the disturbances are of similar magnitude. The boostrapped WG and FD-GMM estimators are optimal for small samples.

The influence of heterogeneous environmental regulation on the green development of the mining industry: empirical analysis based on the system GMM and dynamic panel data model

The intensity of environmental regulation (ERI) affects the short-term effect of the level of green mining (GML),and which structure determines the long-term mechanism.Based on the panel data from 2001 to 2015,with the dynamic panel model and system GMM estimation method were employed to test the influence of heterogeneous environmental regulation on green mining and its transmission mechanism.The results show that,there is a 'U' type nonlinear relationship between the ERI and GML.The direct effect of command-control-based (CAC) and the market incentive-based (MBI) environmental regulation on green development of mining shows the characteristics of inhibition and promotion.There is a 'U' type of indirectly moderating effect between technological innovation and the energy consumption structure on the GML.The technological innovation promotes the green development of the mining industry only after pass the inflection point of MBI,while the CAC plays a significant guiding role in upgrading of the energy consumption structure.There is an inhibition and promotion effect of MBI on the GML in the southeast coastal area,and the CAC is not significantly.Meanwhile,both of the ERI shows no positive effects in the central and western inland region.

Comparison of Uniform and Kernel Gaussian Weight Matrix in Generalized Spatial Panel Data Model

Panel data combine cross-section data and time series data. If the cross-section is locations, there is a need to check the correlation among locations. ρ and λ are parameters in generalized spatial model to cover effect of correlation between locations. Value of ρ or λ will influence the goodness of fit model, so it is important to make parameter estimation. The effect of another location is covered by making contiguity matrix until it gets spatial weighted matrix (W). There are some types of W—uniform W, binary W, kernel Gaussian W and some W from real case of economics condition or transportation condition from locations. This study is aimed to compare uniform W and kernel Gaussian W in spatial panel data model using RMSE value. The result of analysis showed that uniform weight had RMSE value less than kernel Gaussian model. Uniform W had stabil value for all the combinations.

Panel data models with cross-sectional dependence: a selective review

In this review, we highlight some recent methodological and theoretical develop- ments in estimation and testing of large panel data models with cross-sectional dependence. The paper begins with a discussion of issues of cross-sectional dependence, and introduces the concepts of weak and strong cross-sectional dependence. Then, the main attention is primarily paid to spatial and factor approaches for modeling cross-sectional dependence for both linear and nonlinear （nonparametric and semiparametric） panel data models. Finally, we conclude with some speculations on future research directions.

Effect of FDI on China's environmental pollution: Evidence based on spatial panel data

It is clearly stated in the 19th people's congress that we should make the environmental protection as our national policy. Therefore, it is of great importance to study this issue. This article is going to consider 30 provinces of China as the cross-section, and utilize the data sample from 2006 to 2015 of these cross-sections to formulate a Spatial Panel Data Durbin Model to analyze the effect of FDI. By using these data, this article creates a comprehensive environmental pollution index with the help of entropy. The result indicates that the effect of FDI on environment has a non-linear and spatial spillover characteristic. Before reaching the critical value, FDI has a negative effect on environment; however, with the accumulation of FDI, it will create a significant positive effect on the environment.

Employment effect of China's environmental regulation: Evidence based on spatial panel data

This article considers 30 provinces of China as the cross-section subjects, and utilizes the data sample from 2009 to 2015 of these cross-sections to formulate a Spatial Panel Data Durbin Model to analyze the effect of environmental regulation on employment. The result indicates that environmental regulation has negative effect on employment with the consideration of spatial spillover effect, and this adverse effect is not significant mathematically. With the enhance of environmental regulation, the negative impact on employment will decrease accordingly, even may eventually promote job growth, which means there may be a non-linear relationship between them. Specifically, the direct effect of environmental regulation on employment indicates that it is beneficial for job growth whereas the indirect effect illustrate that it is detrimental for employment.

Three-stage approach for dynamic traffic temporal-spatial model

In order to describe the characteristics of dynamic traffic flow and improve the robustness of its multiple applications, a dynamic traffic temporal-spatial model(DTTS) is established. With consideration of the temporal correlation, spatial correlation and historical correlation, a basic DTTS model is built. And a three-stage approach is put forward for the simplification and calibration of the basic DTTS model. Through critical sections pre-selection and critical time pre-selection, the first stage reduces the variable number of the basic DTTS model. In the second stage, variable coefficient calibration is implemented based on basic model simplification and stepwise regression analysis. Aimed at dynamic noise estimation, the characteristics of noise are summarized and an extreme learning machine is presented in the third stage. A case study based on a real-world road network in Beijing, China, is carried out to test the efficiency and applicability of proposed DTTS model and the three-stage approach.

教育支出的产出效应研究——基于空间Panel Data与菲德模型的数量分析

考虑到我国省际经济增长的空间溢出性和空间相关性,将空间Panel Data模型和菲德模型结合起来研究教育支出的产出效应,这种方法能在考虑空间相关性的基础上研究教育支出的部门溢出,从而对教育支出的产出效应得到更准确的估计。研究结果显示省际经济增长之间存在显著的空间相关性,而空间Panel Data模型的实证结果也表明,如果不考虑空间相关性会夸大教育支出的部门溢出。

房价影响因素的空间非一致性与差异化调控手段——基于Panel Data模型的实证研究

房地产价格受多种宏观经济因素的综合影响,不同城市的房价决定因素可能存在差异。文章将全国城市划分为四种级别,并选择17个一、二、三线样本城市,以货币供应量、CPI、GDP、城镇居民家庭人均可支配收入和社会固定资产投资额为解释变量,选取2002-2012年的季度数据,构建Panel Data模型,研究房价影响因素的空间非一致性,研究结果证明了空间非一致性的存在。基于此,对一、二、三线城市分别提出了差异性调控手段建议。

基于空间Panel data固定效应模型的人口增长影响分析

运用空间面板数据分析方法考查了城镇化水平和人均GDP对人口增长的问题。首先介绍了面板数据在分析中的优越性,并阐述了面板数据模型的空间相关性检验。在此基础上,通过选用省级2003—2012年的Panel观测数据,对变量的面板数据进行平稳性检验,考查了变量的空间相关性。最后结合空间面板数据,运用固定效应法,估计了中国各省城镇化水平、人均GDP对人口增长的影响。经过实证检验,表明各省人口增长存在空间相关性,并概括了主要研究结论。

An analysis of Chinese urban residents＇ consumer demand employing a dynamic semi-parametric panel data model

Using data for China for the years 1991 to 2005 by province and employing the semi- parametric panel data model estimation method developed by Horowitz （2004） and Henderson et al. （2006） and Hubler＇s non-parametric generalized method of moments （GMM） estimation （2005）, this article constructs a dynamic semi-parametric panel data model and describes the dynamic changing trajectory of the effect on consumption of income disparity among urban residents. Our findings show that there is a significant ＂ratchet effect＂ in the consumption of urban residents; that income disparity among urban residents has a clear negative influence on consumption; and that the trajectory of this influence shows a roughly bimodal curve.

Spatial spillover effects of official development assistance on environmental pressure in sub-Saharan African(SSA)countries

Impoverished sub-Saharan Africa(SSA)is under increasing environmental pressure from global environmental changes.It is now generally accepted in academic circles that economic development in SSA countries can cause environmental pressure in other countries.However,there is research gap on the impact of economic assistance on environmental pressure in SSA countries and whether economic assistance causes spatial spillovers of environ-mental pressure between SSA countries.To better understand the impact of economic assistance on environmental pressures in SSA,a dynamic spatial Dubin panel model was developed.It helped us explore the spatial spillover effects of economic assistance on environmental pressures in recipient countries based on the panel data from 34 SSA countries.The results show that economic assistance had a positive stimulating effect on environmen-tal pressures of recipient countries,which means that the degree of human disturbance to the environment has deepened.Due to the regional correlation effect,neighboring countries were saddled with environmental pres-sures from the target country.Moreover,environmental pressures have time inertia,which can easily produce a snowball effect.The decomposition of effects shows that the impact of economic assistance on environmental pressures is relatively minor.Environmental pressures have spillover effects,so to deal with diffuse risks,joint regional prevention and control policies should be developed.

Study on Dynamic Mechanism of Urban Expansion: A Case Study of Shandong Province

This paper aims at studying the dynamic mechanism of urban expansion and its role. Based on the economic model of urban spatial structure and applying panel data in Shandong Province, the paper concludes. Economic growth and transition of economic structure have played the most powerful role in urban expansion. An increase in population helps the core to extend. Increasing agricultural productivity can provide a countervailing force. An increase in transportation costs will limit urban expan- sion. An increase in the marginal productivity of land in housing production will increase urban expansion. Fiscal and taxation policies also have encouraged the extensive shift of cultivated land into build-up area. This paper also suggests that if high rate increasing GDP is needed, the urban core will continue to expand. The government should take measures to improve the rapid growth of the city.

A Multidimensional Analysis of the Relationship between Corporate Social Responsibility and Firm’s Financial Performance—Based on the Data of 78 Listed Companies in 10 years in Henan Province, China

At present, the research on the relationship of corporate social responsibility and economic performance mostly adopts the method of large-scale sampling, but does not distinguish the sample industries and regions, so the relevant research needs to be further analyzed. Based on the 2008-2017 data of 78 listed enterprises in Henan province, the relationship between corporate social responsibility and economic performance in 7 industries is measured by 8 indexes through Arellano-Bond dynamic panel data model. The research shows that the social responsibility of listed enterprises in Henan Province has a lagging impact on the economic performance of enterprises, which has a negative impact on the short-term and a positive impact on the long-term. The common point is that the responsibility of the investor has a positive impact on the economic performance of the enterprise, and other aspects vary greatly due to industry categories. In general, the degree of corporate social responsibility of listed enterprises in Henan Province is relatively low.

区域旅游产业集聚对旅游经济韧性的影响及其空间效应研究——以长江经济带为例

科学洞悉区域旅游集聚对旅游经济韧性的影响及其空间效应,对提升区域旅游经济韧性和实现旅游经济高质量发展意义重大。文章构建区域旅游产业集聚影响旅游经济韧性的机理框架,以长江经济带11省市为案例地,采用区位熵和熵值法得到长江经济带旅游产业集聚度和旅游经济韧性水平,借助面板空间杜宾模型揭示出区域旅游产业集聚对旅游经济韧性的影响及其空间效应。结果表明:(1)研究期内,长江经济带旅游经济韧性水平整体呈上升趋势,且东部地区大于中西部地区,但存在明显的省际差异。长江经济带东部地区旅游经济韧性水平大于中西部,而中西部地区的旅游经济韧性水平增长率大于东部。(2)长江经济带省市旅游产业集聚水平整体上升,受旅游业在当地经济中的地位影响,呈现出西部高于中部,高于东部的格局。(3)区域旅游产业集聚对旅游经济韧性产生明显的正向空间效应,即区域旅游产业集聚不仅可以提升本省旅游经济韧性水平,并且可以产生显著的空间溢出效应来提升省周边区域的旅游经济韧性水平。

铁路网络联系对城市土地绿色利用效率的影响研究——以长三角地区为例

研究目的:探究铁路网络联系对城市土地绿色利用效率的影响及空间溢出效应,为依托铁路交通发展促进土地绿色利用效率提升提供科学依据。研究方法:超效率SBM模型,社会网络分析方法,空间面板模型。研究结果:(1)长三角城市铁路联系强度和土地绿色利用效率均呈现显著的增长趋势,土地绿色利用效率存在着较为明显的区域差异。(2)铁路联系强度的提高促进了本城市土地绿色利用效率的提升,与综合铁路联系相比,高铁联系对本城市土地绿色利用效率的提升作用更加明显。(3)铁路联系的加强促进了本城市产业结构合理化水平的提升和创新产出的增长,进而对土地绿色利用效率产生影响。高铁联系在促进本城市产业结构合理化水平提升和创新产出增长方面的作用更加明显。(4)城市对外铁路联系强度的提高产生了负向的空间溢出效应,抑制了邻近城市土地绿色利用效率的提升。研究结论:应充分发挥铁路建设在优化产业结构、促进创新方面的作用,依托铁路网络加强区域内经济技术合作、发挥各城市比较优势,以推动区域土地绿色利用效率的整体性提升。

服务业产业多样化对城市经济韧性的影响——来自地级市夜间灯光数据的证据

本文利用夜间灯光栅格数据,测算了2008—2019年我国281个地级市的经济韧性,并研究了服务业产业多样化类型对城市经济韧性的影响。研究发现:服务业产业无关多样化程度越高的城市经济韧性相对越强,而相关多样化对城市经济韧性具有部分负向作用。多种检验表明上述结果稳健。不同城市规模和区域一体化程度的产业多样化与城市经济韧性关系具有一定区别,但总体上同质性大于异质性。利用中介效应检验进行作用机制分析后发现,服务业无关多样化可通过提高服务业就业水平和产出水平提高城市的经济韧性。因此,城市经济规划建设中应将提升经济韧性作为重要考虑因素,结合服务业产业多样化特征因地制宜,根据城市规模适度提高城市产业多样化。

新型城镇化的旅游业发展效应及非线性特征研究

在对旅游业综合指数和新型城镇化综合指数进行定量测度的基础上,文章利用2004—2019年中国内地省际面板数据,分别采用面板空间计量模型、面板分位数模型和门槛空间动态面板模型,对新型城镇化影响旅游业的空间效应及非线性门槛效应进行实证检验。结果发现:新型城镇化不仅对本地区旅游业具有促进效应,还对邻接地区存在积极的空间溢出效应;在旅游业发展水平由低到高的动态过程中,新型城镇化建设对旅游业发展的边际影响效应呈现显著递增的非线性特征;当考虑地区间新型城镇化建设水平差异时,旅游业发展策略存在显著的地区间非对称空间互动,即新型城镇化建设对旅游业发展的影响存在正向的非线性时空效应。

城镇化推进模式与我国农业低碳全要素生产率——来自双源夜间灯光证据

本文利用卫星监测的数据构造夜间灯光复合指数表征城镇化水平,运用Superefficiency Ray Slacks-Based Measure(Super-RSBM)模型和Global Malmquist-Luenberger(GML)指数测算2000—2021年我国农业低碳全要素生产率(TFP),实证检验城镇化对我国农业低碳TFP的影响及其作用机制,并考察紧凑集约型和规模扩张型两种城镇化推进模式对农业低碳TFP的异质性影响。研究发现,从全国来看,城镇化推进与农业低碳TFP之间具有显著的U型关系,且邻近地区农业低碳TFP的提升对本地区产生示范效应;分区域来看,这种U型关系主要体现在农业适度发展区,而农业优化发展区的城镇化与农业低碳TFP之间呈现显著的正向线性关系,表明农业优化发展区应发挥“领头羊”作用,带动适度发展区早日跨越U型曲线的拐点,实现城镇化带动农业绿色发展;紧凑集约型的城镇化深度推进模式能够显著提升农业低碳TFP,而规模扩张型的城镇化广度推进模式降低了农业低碳TFP;农业低碳技术进步、农村劳动力转移、规模效应、农业产业链延伸和农村居民可支配收入增加是城镇化影响农业低碳TFP的主要途径。

基于空间面板数据模型的拱坝变形缺失数据处理

变形监测信息缺失会对拱坝安全性态的分析造成困难甚至引起误判,需要采用科学合理的方法对缺失数据进行处理,从而获取完整可靠的监测数据。传统的缺失值处理方法仅考虑了拱坝测点的局部空间关联性,而拱坝变形整体性较强,在进行缺失值插补时有必要考虑拱坝所有测点间的时空关联性。鉴于此,从拱坝的整体性和测点的空间相关性出发,首先引入空间权重矩阵,证明拱坝变形具有显著的空间正自相关性;在此基础上,基于空间面板数据模型提出一种考虑拱坝整体时空关联性的变形缺失数据处理方法;最后结合某拱坝工程实例,验证了所构建模型的有效性。工程实例表明:该方法插补残差值低于SL 601—2013《混凝土坝安全监测技术规范》所规定的误差限值,具有较高的插补精度,可对变形监测缺失数据进行有效处理。