-individual estimators in short panels, we develop bias corrections. These corrections are based on higher-order asymptotic expansions of the … estimators have asymptotic biases of the same order as their asymptotic standard deviations. The bias corrections remove the bias …

This paper analyzes the second order bias of instrumental variables estimators for a dynamic panel model with fixed … effects. Three different methods of second order bias correction are considered. Simulation experiments show that these … is approximately achieving the minimal bias in a certain class of instrumental variables (IV) estimators. Simulation …