IDEAS home Printed from https://ideas.repec.org/a/eee/econom/v117y2003i2p311-311.html
   My bibliography  Save this article

Corrigendum to "Semiparametric-efficient estimation of AR(1) panel data models": [J. Econom. 117 (2003) 279-309]

Author

Listed:
  • Park, Byeong U.
  • Sickles, Robin C.
  • Simar, Leopold

Abstract

This study focuses on the semiparametric efficient estimation of random effect panel models containing AR(1) disturbances. We also consider such estimators when the effects and regressors are correlated (Hausman and Taylor, 1981). One motivation for such a model is the need to estimate a stochastic frontier distance function, isolate the fixed effects estimates, and interpret transformations of them as firm-specific relative efficiencies (Schmidt and Sickles, 1984). In markets in which regulatory constraints have been lessened or done away with, these market shocks may not be adjusted to immediately and may induce a serial correlation pattern in within firm variations. In the banking industry, whose productivity we analyze over the 1980's and 1990's, these aspects of semiparametric efficient estimation become important in order to resolve questions concerning the proper measurement of financial deregulation's impact on productivity. We introduce two semiparametric efficient estimators that make minimal assumptions on the distribution of the random errors, effects, and the regressors and that provide semiparametric efficient estimates of the slope parameters and of the effects. Our estimators extend the previous work of Park and Simar (1995), Park, Sickles, and Simar (1998), and Adams, Berger, and Sickles (1998).
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Park, Byeong U. & Sickles, Robin C. & Simar, Leopold, 2003. "Corrigendum to "Semiparametric-efficient estimation of AR(1) panel data models": [J. Econom. 117 (2003) 279-309]," Journal of Econometrics, Elsevier, vol. 117(2), pages 311-311, December.
    • Handle: RePEc:eee:econom:v:117:y:2003:i:2:p:311-311
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0304-4076(03)00194-5
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Krishna, Vijesh V. & Veettil, Prakashan C., 2014. "Productivity and efficiency impacts of conservation tillage in northwest Indo-Gangetic Plains," Agricultural Systems, Elsevier, vol. 127(C), pages 126-138.

    More about this item

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:econom:v:117:y:2003:i:2:p:311-311. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jeconom .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.