Estimation of a Dynamic Panel Data: The Case Of Corporate Investment in Chile

Rodrigo Alfaro ()

Working Papers Central Bank of Chile from Central Bank of Chile

Abstract: In this paper I discuss about the estimation of Dynamic Panel Data model, showing that we can reduce the finite-sample bias of the Arellano-Bond estimator by truncation of the number of lags used in this estimator. We check our theoretical result in an empirical application using a panel of Chilean firms.

Date: 2008-04
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Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchwp:467

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