Akashi, Kentaro; Kunitomo, Naoto - In: Journal of Econometrics 166 (2012) 2, pp. 167-183
-maximum likelihood (RQML), the generalized method of moment (GMM) and the limited information maximum likelihood (LIML) estimators for a … are significantly biased when both T and N are large while T/N is different from zero. The LIML estimator gives desirable …