Bun, M.J.G.; Carree, M.A. - Maastricht : METEOR, Maastricht Research School of … - 2002
This study develops a new bias-corrected estimator for the fixed-effects dynamic panel data model and derives its limiting distribution for fixed T and N large. The bias-corrected estimator is derived as a bias correction of the least-squares dummy variable (within) estimator. It does not share...