Long Run and Short Effects in Static Panel Models

Peter Egger and Michael Pfaffermayr

No B6-2, 10th International Conference on Panel Data, Berlin, July 5-6, 2002 from International Conferences on Panel Data

Abstract: For short and fat panels the Mundlak model can be viewed as an approximation of a general dynamic autoregressive distributed lag model. We give an exact interpretation of short run and long effects and provide simulations to assess the quality of the approximation of the long run and short run effects by the parameters of the Mundlak Model.

Keywords: Random Effects Models; Mundlak Model; Panel Econometrics (search for similar items in EconPapers)
Date: 2002-03
New Economics Papers: this item is included in nep-ecm
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Citations: View citations in EconPapers (10)

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