Application of Generalized Space-Time Autoregressive Model on GDP Data in West European Countries

Table 1

The LS estimated values (in average) for the data generated from GSTAR(1;1) model with 1000 replications for various sample sizes 𝑇 compared to the theoretical parameter.

	T = 40	T = 50	T = 100	T = 500	T = 1000	T = 10000
𝜙^(1)10=0.2	0.1799	0.1822	0.1891	0.1996	0.2004	0.2000
𝜙^(2)10=0.5	0.4639	0.4684	0.4819	0.4971	0.4987	0.5002
𝜙^(3)10=0.3	0.2786	0.2815	0.2942	0.2966	0.2983	0.2998
𝜙^(4)10=0.2	0.1802	0.1828	0.1929	0.1983	0.1986	0.1998
𝜙^(1)11=0.4	0.4000	0.4025	0.4028	0.3999	0.4002	0.4005
𝜙^(2)11=0.3	0.2961	0.2944	0.2970	0.005	0.2998	0.2999
𝜙^(3)11=0.5	0.4880	0.4906	0.4931	0.4988	0.5001	0.5002
𝜙^(4)11=0.7	0.6989	0.6980	0.6961	0.7008	0.7002	0.7002
MSE	0.0279	0.0219	0.0105	0.0002	0.0001	0.0001