Bias Correction in the Dynamic Panel Data Model with a Nonscalar Disturbance Covariance Matrix
نویسندگان
چکیده
منابع مشابه
a study on insurer solvency by panel data model: the case of iranian insurance market
the aim of this thesis is an approach for assessing insurer’s solvency for iranian insurance companies. we use of economic data with both time series and cross-sectional variation, thus by using the panel data model will survey the insurer solvency.
Combining time DEA scores using a dynamic panel data model
We define a combined DEA score to evaluate efficiency in agricultural research. The production model we propose considers efficiency measurements under variable returns to scale for each year in the period 2012–2017. We postulate a first-order autoregressive process in the presence of covariates, to explain efficiency. Powers of the autocorrelation coefficient estimated assuming a dynamic panel...
متن کاملBias Correction in Panel Data Models with Individual Specific Parameters
In random coefficients linear IV models, fixed effects averages of the individual-specific coefficients are biased in short panels due to the finite-sample bias of IV estimators. This paper introduces a new class of bias-corrected semiparametric estimators for panel models where the response to the regressors can be individual-specific in an unrestricted way. These estimators are based on momen...
متن کاملBias correction methods for dynamic panel data models with fixed effects
This paper considers the estimation methods for dynamic panel data (DPD) models with fixed effects, which suggested in econometric literature, such as least squares (LS) and generalized method of moments (GMM). These methods obtain biased estimators for DPD models. The LS estimator is inconsistent when the time dimension (T) is short regardless of the cross-sectional dimension (N). Although con...
متن کاملOil, Government’s Budget and Economic Growth: A Dynamic Panel Data Model for Selected Oil Exporting Economies
Recognition of economic growth determinants is one of the most important concerns for economists. In the oil exporting countries oil revenues play a significant role for the economy alongside with other economic growth determinants. This paper attempts to investigate the role of oil in selected oil-revenue dependent economies. Since oil revenue goes directly to public treasury and is expended b...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Econometric Reviews
سال: 2003
ISSN: 0747-4938,1532-4168
DOI: 10.1081/etc-120017973