Calzolari, Giorgio; Magazzini, Laura - Dipartimento di Scienze Economiche, Facoltà di Economia - 2011
This paper develops a new moment condition for estimation of linear panel data models. When added to the set of instruments devised by Anderson, Hsiao (1981, 1982) for the dynamic model, the proposed approach can outperform the GMM methods customarily employed for estimation. The proposal builds...