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of permanent stochastic shocks to the variables. We utilize a resampling procedure based on the fact that changes in the …
Persistent link: https://www.econbiz.de/10005345360
In this paper, I examine the properties of the class of generalized empirical likelihood estimators of moment-condition models. These nonparametric likelihood estimators satisfy exactly the moment conditions and automatically remove any bias due to a lack of centering. Moreover, the bias of the...
Persistent link: https://www.econbiz.de/10005345583