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A generalized method of moments estimator for a spatial model with moving average errors, with application to real estate prices

Fingleton, B. (2007) A generalized method of moments estimator for a spatial model with moving average errors, with application to real estate prices. Empirical Economics, 34 (1). pp. 35-57. ISSN 0377-7332

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Abstract

This paper proposes a new generalized method of moments (GMM) estimator for spatial panel models with spatial moving average errors combined with a spatially autoregressive dependent variable. Monte Carlo results are given suggesting that the GMM estimator is consistent. The estimator is applied to English real estate price data.