Arbeitspapier
Nearly Unbiased Estimation in Dynamic Panel Data Models with Exogenous Variables
This paper introduces a new estimator for the fixed effects dynamic panel data model withexogenous variables. This estimator does not share some of the drawbacks of recently developed IVand GMM estimators and has a good performance even in small samples. The nearly unbiased estimatoris derived as a bias correction of the within estimator (least squares dummy variable estimator).The estimator is applied to a model of unemployment dynamics at the U.S. state level for the1991-2000 period.
- Language
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Englisch
- Bibliographic citation
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Series: Tinbergen Institute Discussion Paper ; No. 02-007/2
- Classification
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Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
- Subject
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panel data
fixed effects
nearly unbiased estimation
Panelforschung
Dynamisches Modell
Bias
Theorie
- Event
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Geistige Schöpfung
- (who)
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Carree, Martin A.
- Event
-
Veröffentlichung
- (who)
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Tinbergen Institute
- (where)
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Amsterdam and Rotterdam
- (when)
-
2002
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Carree, Martin A.
- Tinbergen Institute
Time of origin
- 2002
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