EconometricAnalysisofPanelDataPD六幻灯片.pptVIP

Econometric Analysis of Panel Data Random Regressors Pooled (Constant Effects) Model Instrumental Variables Fixed Effects Model Random Effects Model Hausman-Taylor Estimator Random Regressors Pooled (Constant Effects) Model Other classical assumptions remained. OLS is biased; Instrumental variables estimation should be used. IV estimator is consistent. Constant Effects Model Instrumental Variables Estimation Constant Effects Model Instrumental Variables Estimation Instrumental Variables: Zi Included Instruments: X1i # Zi ≥ # Wi Constant Effects Model Instrumental Variables Estimation