New GMM Estimators for Dynamic Panel Data Models
نویسندگان
چکیده
منابع مشابه
Subset-Continuous-Updating GMM Estimators for Dynamic Panel Data Models
The two-step GMM estimators of Arellano and Bond (1991) and Blundell and Bond (1998) for dynamic panel data models have been widely used in empirical work; however, neither of them performs well in small samples with weak instruments. The continuous-updating GMM estimator proposed by Hansen, Heaton, and Yaron (1996) is in principle able to reduce the small-sample bias, but it involves high-dime...
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ژورنال
عنوان ژورنال: International Journal of Innovative Research in Science, Engineering and Technology
سال: 2014
ISSN: 2319-8753
DOI: 10.15680/ijirset.2014.0310003