Phillips, Peter C. B. - In: Econometrics : open access journal 8 (2020) 3/30, pp. 1-28
massive bias in system GMM estimation of the dynamic panel regression parameters, which arise from fixed effect heterogeneity … estimation is recommended for practical implementation of dynamic panel regression with highly disaggregated climate data … station level adjustment mechanisms in dynamic panel regressions with climate data. The paper provides asymptotic analyses …