Yang, Liying; Qian, Yi; Xie, Hui - National Bureau of Economic Research - 2024
coefficients (slope endogeneity) can introduce significant estimation bias, resulting in misleading inference. This paper proposes … inference without the need to bootstrap. For short dynamic panels, a Jackknife bias-corrected 2sCOPE-MG estimator is provided to … ensure unbiased inference. The usage of the 2sCOPE-MG estimator is demonstrated by Monte Carlo simulations and a marketing …