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Asymptotic bias of GMM and GEL under possible nonstationary spatial dependence

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Author Info
Iglesias, Emma M.
Phillips, Garry D.A.

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Abstract

Newey and Smith [Newey, W.K., Smith, R.J., 2004. Higher order properties of GMM and empirical likelihood estimators. Econometrica 72, 219-255] analyzed the second order biases of GMM and GEL estimators under independence. Anatolyev [Anatolyev, S., 2005. GMM, GEL, serial correlation, and asymptotic bias. Econometrica 73 (3), 983-1002] extended the result to the case of stationarity with serial correlation and strong mixing. We generalize the two previous papers by assuming a weaker dependence assumption and possible nonstationarity.

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Publisher Info
Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 99 (2008)
Issue (Month): 2 (May)
Pages: 393-397
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Handle: RePEc:eee:ecolet:v:99:y:2008:i:2:p:393-397

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  1. Joris Pinkse & Margaret Slade & Lihong Shen, 2006. "Dynamic Spatial Discrete Choice Using One-step GMM: An Application to Mine Operating Decisions," Spatial Economic Analysis, Taylor and Francis Journals, vol. 1(1), pages 53-99, June. [Downloadable!] (restricted)
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This page was last updated on 2009-12-3.


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