Nearly Unbiased Estimation in Dynamic Panel Data Models with Exogenous Variables

Martin Carree

No 02-007/2, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This paper introduces a new estimator for the fixed effects dynamic panel data model withexogenous variables. This estimator does not share some of the drawbacks of recently developed IVand GMM estimators and has a good performance even in small samples. The nearly unbiased estimatoris derived as a bias correction of the within estimator (least squares dummy variable estimator).The estimator is applied to a model of unemployment dynamics at the U.S. state level for the1991-2000 period.

Keywords: panel data; fixed effects; nearly unbiased estimation (search for similar items in EconPapers)
JEL-codes: C23 (search for similar items in EconPapers)
Date: 2002-02-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://papers.tinbergen.nl/02007.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20020007

Access Statistics for this paper

More papers in Tinbergen Institute Discussion Papers from Tinbergen Institute Contact information at EDIRC.
Bibliographic data for series maintained by Tinbergen Office +31 (0)10-4088900 ().