dc.contributor.author | Biørn, Erik | |
dc.contributor.author | Klette, Tor Jakob | |
dc.date.accessioned | 2012-02-12T21:41:48Z | |
dc.date.available | 2012-02-12T21:41:48Z | |
dc.date.issued | 1997 | |
dc.identifier.uri | http://hdl.handle.net/11250/180771 | |
dc.description.abstract | General Method of Moments (GMM) estimation of a linear one-equation model using panel data with errors-in-variables is considered. To eliminate fixed individual heterogeneity, the equation is differenced across one or more than one periods and estimated by means of instrumental variables. With non-autocorrelated measurement error, we show that only the one-period and a few two-period differences are essential, i.e. relevant for GMM-estimation. GMM estimation based on all orthogonality conditions on the basis of a generalized inverse formulation is shown to be equivalent to estimation using only the essential orthogonality conditions
Keywords: Panel Data, Errors-in-Variables, Instrumental Variables, GMM Estimation, Generalized inverse | no_NO |
dc.language.iso | eng | no_NO |
dc.publisher | Statistics Norway, Research Department | no_NO |
dc.relation.ispartofseries | Discussion Papers;No. 190 | |
dc.subject | Panel data | no_NO |
dc.subject | Errors-in-variables | no_NO |
dc.subject | Instrumental variables | no_NO |
dc.subject | General Method of Moments (GMM) | no_NO |
dc.subject | Estimation | no_NO |
dc.subject | Statistical methods | no_NO |
dc.subject | Statistics models | no_NO |
dc.subject | JEL classification: C23 | no_NO |
dc.subject | JEL classification: C33 | no_NO |
dc.subject | JEL classification: C12 | no_NO |
dc.subject | JEL classification: C13 | no_NO |
dc.title | Panel data with errors-in-variables : a note on essential and redundant orthogonality conditions in GMM-estimation | no_NO |
dc.type | Working paper | no_NO |
dc.subject.nsi | VDP::Mathematics and natural science: 400::Mathematics: 410::Statistics: 412 | no_NO |
dc.source.pagenumber | 10 s. | no_NO |