The Generalized Method of Moments (GMM) is discussed for handling the joint occurrence of fixed effects and random … is assumed. Two specializations of GMM are considered: (i) using instruments (IVs) in levels for a differenced version of … sample biases and IV quality are illustrated by Monte Carlo simulations. Overall, with respect to bias and IV strength, GMM …

chosen host country’s characteristics, the model is estimated using the General Method of Moments (GMM) technique. The …

quantities based on individual by individual GMM estimation can be severely biased due to the incidental parameter problem, we …-T expansions of the finite-sample bias of fixed effects GMM estimators, reduce the order of the bias from O(T¡1) to O(T¡2) and …

correction, traditional between- and within-firm estimation versus GMM estimation, the investment behavior of French firms versus …

more countries and years than the earlier studies ii) We use the GMM estimator which requires milder assumptions to be …

fixed effects. We also used GMM (1991) and GMM (1998) estimates of our analysis. The result of robustness tests confirms …

panel estimation, GMM (1998) is used for examining the relation between growth and long term debt. The study found that …

eliminate the unobserved heterogeneity term and at the same time to identify the parameters of the model. We then propose GMM … finite sample performance of our GMM estimators. …