Table 2.
ML estimated spatial panel data models
| Spatial panel models without endogenous spillovers | Spatial panel model with endo‐genous spillovers | ||
|---|---|---|---|
| Containment measure | SEM | SEDM | SDM |
| School closure | −0.0436** (0.0099) | −0.0526** (0.0108) | −0.0487** (0.0108) |
| Establishment closure | −0.0252*** (0.0131) | −0.0213 (0.0147) | −0.0216 (0.0147) |
| Shopping mall closure | −0.0233* (0.0110) | −0.0177 (0.0119) | −0.0163 (0.0119) |
| Restaurant closure | −0.0234** (0.0087) | −0.0212* (0.0096) | −0.0206* (0.0096) |
| Contact restrictions | −0.1193** (0.0075) | −0.1269** (0.0082) | −0.1261** (0.0081) |
| Face mask duty | −0.1223* (0.0555) | −0.1233* (0.0555) | −0.1255* (0.0551) |
| Spatial autoregressive parameter | 0.0803** (0.0093) | 0.0787** (0.0093) | 0.0802** (0.0089) |
| Region‐specific time trends | Yes | Yes | Yes |
| Regional FE | Yes | Yes | Yes |
| Time FE | Yes | Yes | Yes |
| LogLik | 7877.9 | 7895.7 | 7901.5 |
| Local CD | 12.126 | 12.118 | 12.118 |
| Local BSCLM | 61.760 | 61.760 | 61.760 |
Note: Standard errors are given in parentheses.
Abbreviations: HC, heteroscedasticity consistent; Local BSCLM, Breusch and Pagan's bias‐corrected scaled LM test for spatial autocorrelation; Local CD, Pesaran's CD test for spatial autocorrelation; LogLik, logarithmic likelihood; ML, maximum likelihood; SDEM, spatial error Durbin model; SDM, spatial Durbin model; SEM, spatial error model.
*5% significance level, **1% significance level, ***10% significance level.