I want to implement a Spatial Durbin Model with correlated random effects. Is it even possible? If it is, how do I specify it? Is this correct:
Code:
yit = α + ρ1Wyit + ρ2Wybari + β1Xit + β2Xbari + θ1WXit + θ2WXbari + θ3Ci + λt + μi + Ɛit
Code:
xsmle y X, wmat(W) model(sdm) re vce(cluster id) nolog
Code:
xsmle y X, ybar Xbar wmat(W) dmatrix(W) model(sdm) durbin(ybar X Xbar ) effects re vce(cluster id) nolog
Thank you
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