Corpus ID: 221593822

Maximum Likelihood Estimation of a Spatial Autoregressive

  title={Maximum Likelihood Estimation of a Spatial Autoregressive},
  author={X. Xu},
This paper examines a Tobit model with spatial autoregressive interactions. We consider the maximum likelihood estimation for this model and analyze asymptotic properties of the estimator based on the spatial near-epoch dependence of the dependent variable process generated from the model structure. We show that the maximum likelihood estimator is consistent and asymptotically normally distributed. Monte Carlo experiments are performed to verify finite sample properties of the estimator. JEL… Expand

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