Regression modelGIS / spatial
Panel Spatial Durbin Model
The Panel Spatial Durbin Model (PSDM) extends the cross-sectional Spatial Durbin Model to panel data, capturing both spatial lag dependence in the outcome and spatial spillovers from neighbouring units' explanatory variables across multiple time periods. It simultaneously accounts for unobserved unit-specific and time-specific heterogeneity, making it one of the most comprehensive spatial panel specifications available.
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Sources
- Elhorst, J. P. (2014). Spatial Econometrics: From Cross-Sectional Data to Spatial Panels. Springer. ISBN: 978-3642403408
- LeSage, J. P., & Pace, R. K. (2009). Introduction to Spatial Econometrics. CRC Press/Taylor & Francis. ISBN: 978-1420064247