Advanced Search

Median-Unbiased Estimation in Fixed-Effects Dynamic Panels

Contents:

Author Info

  • Rodolfo CERMEÑO
Registered author(s):

    Abstract

    This paper extends Andrews' [1993] median-unbiased estimation for autoregressive/unit root time series to panel data dynamic fixed effects models. It is shown that median-unbiased estimation applies straightforwardly to models that include linear time trends as well as to those including more general time specific effects. Using Monte Carlo simulations, median-unbiased LSDV estimators are computed and found to be robust to groupwise heteroskedastic and cross-sectionally correlated disturbances. The behavior of these estimators in the presence of exogenous regressors as well as AR parameter heterogeneity is also evaluated in this paper. As an application, these estimators are used to evaluate conditional convergence in the cases of 48 USA states, 13 OECD countries, and two wider samples from Summers and Heston's Penn World Tables, with 57 and 100 countries. It is found that median-unbiased estimates support conditional convergence only among USA states and OECD countries.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.jstor.org/stable/20076203
    Download Restriction: no

    Bibliographic Info

    Article provided by ENSAE in its journal Annals of Economics and Statistics.

    Volume (Year): (1999)
    Issue (Month): 55-56 ()
    Pages: 351-368
    Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
    Handle: RePEc:adr:anecst:y:1999:i:55-56:p:14

    Contact details of provider:
    Postal: 3, avenue Pierre Larousse, 92245 Malakoff Cedex
    Phone: 01.41.17.51.55
    Email:
    Web page: http://annales.ensae.fr/
    More information through EDIRC

    For corrections or technical questions regarding this item, or to correct its listing, contact: (Robert Gary-Bobo).

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:adr:anecst:y:1999:i:55-56:p:14

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Robert Gary-Bobo).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.