Orthogeodesic models admit marginal local cuts and therefore separate inference on subparameters is asymptotically justified. Doubly-flat orthogeodesic models admit local cuts marginally and conditionally. Two important empirical models for panel data are used to illustrate this property and demonstrate its usefullness.
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Paper provided by Centre for Labour Market and Social Research, Danmark- in its series Papers with number
97-13.
Length: 15 pages Date of creation: 1997 Date of revision: Handle: RePEc:fth:clmsre:97-13
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Find related papers by JEL classification: C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
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