Feasible bias-corrected OLS, within-groups, and first-differences estimators for typical micro and macro AR(1) panel data models

Dynamic panel data (DPD) models are usually estimated by the generalized method of moments. However, it is well documented in the DPD literature that this estimator suffers from considerable finite sample bias, especially when the time series is highly persistent. Application of the asymptotically e...

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Bibliographic Details
Main Author: Ramalho, Joaquim (author)
Format: workingPaper
Language:eng
Published: 2013
Subjects:
dynamic panel data
bias-corrections
within-groups
first-diferences
GMM
continuous-updating
Online Access:http://hdl.handle.net/10174/8398
Country:Portugal
Oai:oai:dspace.uevora.pt:10174/8398

Internet

http://hdl.handle.net/10174/8398

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