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This paper proposes some additional moment conditions for the linear feedback model formulated in count panel data model, proposed by Blundell et al.(2002). It is shown that the moment conditions based on the quasi-differenced transformation proposed by Chamberlain (1992) and Wooldridge (1997)...
Persistent link: https://www.econbiz.de/10005036775
This paper proposes new sets of moment restrictions for consistently estimating the dynamic panel data model. These sets are derived from solving the moment generating functions of the error term for the dynamic panel data model and have the relevancy with some well-known sets of moment...
Persistent link: https://www.econbiz.de/10008513285
This paper describes an empirical investigation into the permanent income hypothesis (PIH) and the rule-of-thumb (ROT) alternative hypothesis, both of which allow for the intertemporal non-separability of preferences in the sense that past consumption of the PIH consumers has influence on their...
Persistent link: https://www.econbiz.de/10008513286