Title of article
Small sample bias properties of the system GMM estimator in dynamic panel data models
Author/Authors
Kazuhiko Hayakawa، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2007
Pages
7
From page
32
To page
38
Abstract
By deriving the finite sample biases, this paper shows analytically why the system GMM estimator in dynamic panel data models is less biased than the first differencing or the level estimators even though the former uses more instruments
Keywords
GMM estimator , dynamic panel data model , Finite sample bias
Journal title
Economics Letters
Serial Year
2007
Journal title
Economics Letters
Record number
436185
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