Dynamic Linear Panel Regression Models with Interactive Fixed Effects
نویسندگان
چکیده
In the last step we used Assumption ID(ii). Because E [ Tr (e′e) ∣∣∣λ0, f , w] is independent of β, λ, f , we find minimizing Q(β, λ, f) is equivalent to minimizing Q∗(β, λ, f). We decompose ‡Department of Economics and USC Dornsife INET, University of Southern California, Los Angeles, CA 90089-0253. Email: [email protected]. Department of Economics, Yonsei University, Seoul, Korea. §Department of Economics, University College London, Gower Street, London WC1E 6BT, U.K., and CeMMaP. Email: [email protected].
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