Fiscal Competition Among Jurisdictions: Evidence and Methodology

Abstract

113 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1998.The proposed GMM versions of the Wald, the Likelihood ratio and the Lagrange multiplier test statistics for spatial lag dependence are based on the GMM estimator suggested by Kelejian and Robinson (1993), and on the work of Newey and West (1987). The tests are asymptotically distributed as chi-squared random variables. Monte Carlo Experiments indicate that, in small samples, the LM and LR tests have good power, but considerable empirical size distortions, while the Wald has good empirical size and power.U of I OnlyRestricted to the U of I community idenfinitely during batch ingest of legacy ETD