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- W2002045040 abstract "SYNOPTIC ABSTRACTThis paper studies the finite sample properties of the least squares dummy variable (LSDV) estimator and t-statistic in a cointegrated regression in panel data. Through Monte Carlo studies we find that both the LSDV estimator and the t-statistic have a small amount of bias, and the t-statistic diverges as the cross-sectional dimension increases. We also find that the bias-corrected LSDV estimator and the bias-corrected t-statistic do not reduce the magnitude of the bias problem." @default.
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- W2002045040 date "1999-01-01" @default.
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- W2002045040 title "Estimation and Inference of a Cointegrated Regression in Panel Data: A Monte Carlo Study" @default.
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- W2002045040 doi "https://doi.org/10.1080/01966324.1999.10737475" @default.
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