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