Hayakawa, Kazuhiko - In: Applied Economics Letters 14 (2007) 15, pp. 1141-1145
In this article, we examine the usefulness of the bias-corrected first-difference (BCFD) estimator by Chowdhury (1987) from two angles: inference and testing. First, we compare the BCFD estimator with Bun and Carree's (2005) estimator and the GMM estimator in terms of accuracy of inference....