GMM方法介绍.pdfVIP

Using Stata to Replicate Table 4 in Bond (2002) These notes refer to using Stata/SE 9.1, in March 2006. Preliminaries Open the dataset usbal89. The main variables are: id - firm identifier year - year y - log sales n - log employment k - log capital stock Other variables have been derived from these. E.g. y_1 - first lag of y yk - (y - k), log of sales-capital ratio Set panel format tsset id year , yearly Pooled OLS (OLS levels); Table 4, column (i) xi: regress y n l.n k l.k l.