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...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.展开更多
This paper analyzes the relationship between transportation infrastructure and total factor productivity (TFP)growth in China with the spatial econometrics of panel data.The results of the empirical study show that th...This paper analyzes the relationship between transportation infrastructure and total factor productivity (TFP)growth in China with the spatial econometrics of panel data.The results of the empirical study show that there is anobvious spatial autocorrelation among China’s interlocal TFP from 1997 to 2007.Transportation infrastructure hasa positive impact on TFP in China; the addition of railway and road infrastructure caused China’s TFP to increase11.075 percentage points from 2001-07, making up 59.10% of TFP’s amplification.Freeways and first-class roadinfrastructure’s positive impacts are more obvious; direct effects are only 25.7% while indirect effects are 74.3%.Railinfrastructure had persistent positive impacts on China’s TFP from 2001-07; freeway infrastructure had persistentpositive impacts on China’s TFP from 1997-2007, but other road infrastructure has not shown these persistent effects.展开更多
基金Supported by the National Natural Science Foundation of China(71131008(Key Project)and 71271179)
文摘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.
文摘This paper analyzes the relationship between transportation infrastructure and total factor productivity (TFP)growth in China with the spatial econometrics of panel data.The results of the empirical study show that there is anobvious spatial autocorrelation among China’s interlocal TFP from 1997 to 2007.Transportation infrastructure hasa positive impact on TFP in China; the addition of railway and road infrastructure caused China’s TFP to increase11.075 percentage points from 2001-07, making up 59.10% of TFP’s amplification.Freeways and first-class roadinfrastructure’s positive impacts are more obvious; direct effects are only 25.7% while indirect effects are 74.3%.Railinfrastructure had persistent positive impacts on China’s TFP from 2001-07; freeway infrastructure had persistentpositive impacts on China’s TFP from 1997-2007, but other road infrastructure has not shown these persistent effects.
