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...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2000
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