t-Test in Dynamic Panel Structural Equations∗
نویسنده
چکیده
abstract This paper studies the asymptotic covariance estimation associated with the LIML estimator for large-T dynamic panel structural equations. The proposed simple estimation method is based on the fixed-N or large Kasymptotics relating to the number of backward-filtered instruments. We demonstrate the resulting t-Test which also does not need asymptotic bias correction works well with the large-K asymptotics and is robust to persintent panel data rather than a plug-in estimation method.
منابع مشابه
Buckling and Thermomechanical Vibration Analysis of a Cylindrical Sandwich Panel with an Elastic Core Using Generalized Differential Quadrature Method
In this paper, the vibrational and buckling analysis of a cylindrical sandwich panel with an elastic core under thermo-mechanical loadings is investigated. The modeled cylindrical sandwich panel as well as its equations of motions and boundary conditions is derived by Hamilton’s principle and the first-order shear deformation theory (FSDT). For the first time in the present study, various bound...
متن کاملFirm’s R & D Behavior Under Rational Expectations
This paper formulates dynamic R&D investment decisions of private firms as an optimal stochastic control problem. It derives explicitly R&D investment decision rule and the cross equations parameter restrictions imposed by the rational expectations hypothesis, using the Riccati equations only and not requiring the use of Wiener-Kolmogorov prediction formula. Identification and estimation of the...
متن کاملDetection of structural breaks in linear dynamic panel data models
This paper develops a method for testing for the presence of a single structural break in dynamic panel data models with a multi-factor error structure. The test statistic is developed by combining a modified version of the GMM approach of Robertson and Sarafidis (2015) with the testing procedure of De Wachter and Tzavalis (2012). We focus on the case where N is large and T fixed. The asymptoti...
متن کاملAnalysis of the simultaneous effects of renewable energy consumption and GDP, using Dynamic Panel Data
In the recent years, renewable energy sources are an important component of world energy consumption. GDP is one of the main measures of a country’s economic activity. Most of the studies examine the impact of renewable energy consumption on GDP with single equation model and the others use dynamic panel data. Since the Granger causality analysis’s findings of this paper establish bidirectional...
متن کاملFree Vibration and Buckling Analysis of Sandwich Panels with Flexible Cores Using an Improved Higher Order Theory
In this paper, the behavior of free vibrations and buckling of the sandwich panel with a flexible core was investigated using a new improved high-order sandwich panel theory. In this theory, equations of motion were formulated based on shear stresses in the core. First-order shear deformation theory was applied for the procedures. In this theory, for the first time, incompatibility problem of...
متن کامل