Model selection and model averaging for matrix exponential spatial models

Abstract

In this appendix, we provide additional simulation results on the finite sample performance of our suggested MS and MA procedures. The simulation setting for these results is described in the main text. For the normal distribution case, Tables 1 and 2 report the simulation results when the true spatial weights matrices are W 2 and W 3 , respectively. For the non-normal distribution case, Tables 3, 4 and 5 report the simulation results when the true spatial weights matrices are W 2 , W 3 and W 4 , respectively. The remaining tables, Tables 6-8, include the simulation results for the heteroskedastic case.

Creating financial inclusion in “Belt and Road” countries in Europe, Asia and Africa: regulation, technology and financial literacy

“…ε is the model’s error term. The spatial weight matrix was used to construct the economic-geographic nested matrix for the analysis based on Yang et al. ’s (2022) findings.…”

“…From the perspective of trade competition and complementarity, some scholars have noted that the GDP, trade complementarity and free trade agreements (FTAs) between China and countries along the route have significantly contributed to the development of trade between them and that improving the trade promotion policies of countries along the route and expanding complementary industry cooperation are significant for each country’s economic and financial development (Chen et al. , 2020; Yang et al. , 2022).…”

“…Using the characteristics of blockchain technology, such as decentralization, interaction, coordination and sharing and time stamping, a more reasonable financial system can be built to provide new ideas for "Belt and Road" financial development. From the perspective of trade competition and complementarity, some scholars have noted that the GDP, trade complementarity and free trade agreements (FTAs) between China and countries along the route have significantly contributed to the development of trade between them and that improving the trade promotion policies of countries along the route and expanding complementary industry cooperation are significant for each country's economic and financial development (Chen et al, 2020;Yang et al, 2022).…”