In this paper we consider generalized method of moments-based (GMM-based) estimation and inference for the panel AR(1) model when the data are persistent and the time dimension of the panel is fixed.

This is a preview. Log in through your library . Abstract The system GMM estimator for dynamic panel data models combines moment conditions for the model in first ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Both sides of the institutions and growth debate have resorted largely to microeconometric techniques in testing hypotheses ...