GMM Estimation with Persistent Panel Data: An Application to Production Functions.

This paper considers the estimation of Cobb-Douglas production functions using panel data covering a large sample of companies observed for a small number of time periods. GMM estimators have been found to produce large finite-sample biases when using the standard first-differenced estimator. These...

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Bibliografiske detaljer
Main Authors: Blundell, R, Bond, S
Format: Journal article
Sprog:English
Udgivet: 2000