GMM Estimation of Empirical Growth Models.
This Paper highlights a problem in using the first-differenced GMM panel data estimator to estimate cross-country growth regressions. When the time series are persistent, the first-differenced GMM estimator can be poorly behaved, since lagged levels of the series provide only weak instruments for su...
Autori principali: | Bond, S, Hoeffler, A, Temple, J |
---|---|
Natura: | Working paper |
Lingua: | English |
Pubblicazione: |
CEPR
2001
|
Documenti analoghi
Documenti analoghi
-
GMM Estimation of Empirical Growth Models.
di: Bond, S, et al.
Pubblicazione: (2001) -
Finite Sample Inference for GMM Estimators in Linear Panel Data Models.
di: Bond, S, et al.
Pubblicazione: (2002) -
Estimation in dynamic panel data models: improving on the performance of the standard GMM estimator.
di: Blundell, R, et al.
Pubblicazione: (2000) -
Estimation in dynamic panel data models: improving on the performance of the standard GMM estimator.
di: Blundell, R, et al.
Pubblicazione: (2011) -
GMM estimation with persistent panel data: an application to production functions.
di: Blundell, R, et al.
Pubblicazione: (1999)