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WORKING PAPER
Spatio-Temporal Models for Political-Science Panel and Time-Series-Cross-Section Data
Franzese, RobertHays, Jude Abstract Building from our broader project exploring spatial-econometric models for political science, this paper discusses estimation, interpretation, and presentation of spatio-temporal models. We first present a generic spatio-temporal-lag model and two methods, OLS and ML, for estimating parameters in such models. We briefly consider those estimators’ properties analytically before showing next how to calculate and to present the spatio-temporal dynamic and long-run steady-state equilibrium effects—i.e., the spatio-temporal substance of the model—implied by the coefficient estimates. Then, we conduct Monte Carlo experiments to explore the properties of the OLS and ML estimators, and, finally, we conclude with a reanalysis of Beck, Gleditsch, and Beardsley’s (2006) state-of-the-art study of directed export flows among major powers. Keywords Panel Data Spatial Econometrics Spatial-Lag Model Spatio-Temporal Dynamics Spatio-Temporal Model Spatio-Temporal Multiplier Spatio-Temporal Steady-State Effects Time-Series-Cross-Section Data File
Uploaded 07-18-2006 Document ID Number 626 |
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