Instrumental variable estimation of a spatial dynamic panel model with endogenous spatial weights when T is small
短时间维度下内生空间权重动态面板模型的工具变量估计
The spatial dynamic panel data (SDPD) model is a standard tool for analysing data with both spatial correlation and dynamic dependences among economic units. Conventional estimation methods rely on the key assumption that the spatial weight matrix is exogenous, which would likely be violated in some empirical applications where spatial weights are determined by economic factors. In this paper, we propose an SDPD model with individual fixed effects in a short time dimension,…