Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5099615 | Journal of Economic Dynamics and Control | 2007 | 25 Pages |
Abstract
The within or least-squares dummy variable estimator is inconsistent for homogeneous dynamic panel models with fixed time dimension T. We present a bias correction for this estimator based on an iterative bootstrap procedure. Monte Carlo simulations show that, for panels with small to moderate T, this procedure provides a good alternative for existing dynamic panel data estimators.
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
Gerdie Everaert, Lorenzo Pozzi,