A Spatial Dynamic Panel Model with Random Effects Applied to Commuting Times
A space-time filter is set forth for spatial panel data situations that include random effects. We propose a general spatial dynamic specification that encompasses several spatiotemporal models previously used in the panel data literature. We apply the model to the case of highway induced travel demand. The theory of induced travel demand asserts that increased highway capacity will induce growth in traffic for a number of reasons. Our model allows us to quantify the spatial spillover impacts of increased highway capacity at one location in the network on travel times in neighboring locations and in future time periods.
|Date of creation:||2010|
|Date of revision:|
|Contact details of provider:|| Postal: Cincinnati, OH 45221-0371|
Phone: (513) 556-2670
Fax: (513) 556-2669
Web page: http://www.business.uc.edu/economics/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Yu, Jihai & de Jong, Robert & Lee, Lung-fei, 2008. "Quasi-maximum likelihood estimators for spatial dynamic panel data with fixed effects when both n and T are large," Journal of Econometrics, Elsevier, vol. 146(1), pages 118-134, September.
- Noland, Robert B., 2001. "Relationships between highway capacity and induced vehicle travel," Transportation Research Part A: Policy and Practice, Elsevier, vol. 35(1), pages 47-72, January.
- Koop,Gary & Poirier,Dale J. & Tobias,Justin L., 2007.
"Bayesian Econometric Methods,"
Cambridge University Press, number 9780521671736, November.
- Ian W. H. Parry & Kenneth A. Small, 2005.
"Does Britain or the United States Have the Right Gasoline Tax?,"
American Economic Review,
American Economic Association, vol. 95(4), pages 1276-1289, September.
- Parry, Ian & Small, Kenneth, 2002. "Does Britain or the United States Have the Right Gasoline Tax?," Discussion Papers dp-02-12-, Resources For the Future.
- Su, Liangjun & Yang, Zhenlin, 2015. "QML estimation of dynamic panel data models with spatial errors," Journal of Econometrics, Elsevier, vol. 185(1), pages 230-258.
- Song, Yan & Zenou, Yves, 2005.
"Property Tax and Urban Sprawl. Theory and Implications for U.S. Cities,"
CEPR Discussion Papers
5345, C.E.P.R. Discussion Papers.
- Song, Yan & Zenou, Yves, 2006. "Property tax and urban sprawl: Theory and implications for US cities," Journal of Urban Economics, Elsevier, vol. 60(3), pages 519-534, November.
- Song, Yan & Zenou, Yves, 2005. "Property Tax and Urban Sprawl: Theory and Implications for U.S. Cities," Working Paper Series 648, Research Institute of Industrial Economics.
- Kim, Chansung, 2008. "Commuting time stability: A test of a co-location hypothesis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(3), pages 524-544, March.
- Kirby, Dustin K. & LeSage, James P., 2009. "Changes in commuting to work times over the 1990 to 2000 period," Regional Science and Urban Economics, Elsevier, vol. 39(4), pages 460-471, July.
- Van Ommeren, Jos & Fosgerau, Mogens, 2009.
"Workers' marginal costs of commuting,"
Journal of Urban Economics,
Elsevier, vol. 65(1), pages 38-47, January.
- J. Barkley Rosser, 2009. "Introduction," Chapters, in: Handbook of Research on Complexity, chapter 1 Edward Elgar Publishing.
- Parent, Olivier & LeSage, James P., 2012. "Spatial dynamic panel data models with random effects," Regional Science and Urban Economics, Elsevier, vol. 42(4), pages 727-738.
- Baltagi, Badi H. & Heun Song, Seuck & Cheol Jung, Byoung & Koh, Won, 2007. "Testing for serial correlation, spatial autocorrelation and random effects using panel data," Journal of Econometrics, Elsevier, vol. 140(1), pages 5-51, September.
- Garrido, Rodrigo A., 2000. "Spatial interaction between the truck flows through the Mexico-Texas border," Transportation Research Part A: Policy and Practice, Elsevier, vol. 34(1), pages 23-33, January.
- Shirley, Chad & Winston, Clifford, 2004. "Firm inventory behavior and the returns from highway infrastructure investments," Journal of Urban Economics, Elsevier, vol. 55(2), pages 398-415, March.
When requesting a correction, please mention this item's handle: RePEc:cin:ucecwp:2010-01. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sourushe Zandvakili)
If references are entirely missing, you can add them using this form.