Arellano, Manuel Professor of Econometrics, CEMFI, Madrid
Print publication date: 2003 (this edition)
Published to Oxford Scholarship Online: July 2005
Print ISBN-13: 978-0-19-924528-4
doi:10.1093/0199245282.003.0004
Manuel Arellano
This chapter analyses the standard regression model with errors in variables. It covers measurement error bias and unobserved heterogeneity bias, instrumental variable estimation with panel data. It presents estimates from Bover and Watson (2000) concerning economies of scale in a firm money demand equation.
Keywords: standard regression model, error in variables, measurement error bias, economies of scale,
doi:10.1093/0199245282.003.0004
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Part I Static Models
Part II Time Series Models with Error Components
Part III Dynamics and Predeterminedness
Part IV Appendices