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...
| Автори: | , , |
|---|---|
| Формат: | Working paper |
| Мова: | English |
| Опубліковано: |
CEPR
2001
|
Search Result 1
