Bias-corrected Estimation in Dynamic Panel Data Models with Heterokedasticity

M.A. Carree, M. Bun

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

This study extends earlier results on bias-corrected estimators for the fixed-effects dynamic panel data model. We derive the inconsistency of the lsdv estimator for finite t and n large in case of both time-series and cross-section heteroscedasticity and show how to implement it in bias correction procedures.
Original languageEnglish
Pages (from-to)220-227
JournalEconomics Letters
Volume92
DOIs
Publication statusPublished - 1 Jan 2006

Cite this