W types | Location types | Periods types | Generalized spatial panel data model | Average RMSE | Average RMSE | ||
ρ = 0.3, λ = 0.3 | ρ = 0.5, λ = 0.5 | ρ = 0.8, λ = 0.8 | |||||
Uniform W | N = 3 | T = 3 | 1.076 | 1.23 | 2.06 | 1.771 | 1.634 |
T = 6 | 1.223 | 1.387 | 2.684 | ||||
T = 12 | 1.251 | 1.464 | 2.957 | ||||
T = 36 | 1.296 | 1.524 | 3.099 | ||||
Average | 1.211 | 1.401 | 2.7 | ||||
N = 9 | T = 3 | 1.293 | 1.365 | 1.775 | 1.578 | ||
T = 6 | 1.341 | 1.401 | 1.976 | ||||
T = 12 | 1.357 | 1.429 | 2.054 | ||||
T = 36 | 1.362 | 1.448 | 2.139 | ||||
Average | 1.338 | 1.411 | 1.986 | ||||
N = 25 | T = 3 | 1.383 | 1.433 | 1.755 | 1.553 | ||
T = 6 | 1.397 | 1.446 | 1.812 | ||||
T = 12 | 1.403 | 1.467 | 1.843 | ||||
T = 36 | 1.407 | 1.409 | 1.877 | ||||
Average | 1.398 | 1.439 | 1.822 | ||||
Kernel Gaussian W | N = 3 | T = 3 | 1.137 | 1.137 | 1.137 | 1.748 | 1.809 |
T = 6 | 1.352 | 1.352 | 1.806 | ||||
T = 12 | 1.405 | 2.971 | 2.014 | ||||
T = 36 | 1.461 | 3.098 | 2.11 | ||||
Average | 1.339 | 2.14 | 1.767 | ||||
N = 9 | T = 3 | 2.101 | 1.115 | 1.056 | 1.243 | ||
T = 6 | 1.353 | 1.138 | 1.097 | ||||
T = 12 | 1.255 | 1.15 | 1.106 | ||||
T = 36 | 1.261 | 1.161 | 1.119 | ||||
Average | 1.493 | 1.141 | 1.095 | ||||
N = 25 | T = 3 | 1.49 | 1.282 | 1.168 | 2.436 | ||
T = 6 | 5.705 | 1.286 | 1.169 | ||||
T = 12 | 6.004 | 1.293 | 1.177 | ||||
T = 36 | 6.19 | 1.294 | 1.179 | ||||
Average | 4.847 | 1.289 | 1.173 |