Long Run and Short Effects in Static Panel Models

For short and fat panels the Mundlak model can be viewed as an approximation of a general dynamic autoregressive distributed lag model. We give an exact interpretation of short run and long effects and provide simulations to assess the quality of the approximation of the long run and short run effects by the parameters of the Mundlak Model.

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Year of publication:	2002-03
Authors:	Egger, Peter ; Pfaffermayr, Michael
Institutions:	International Conferences on Panel Data
Subject:	Random Effects Models \| Mundlak Model \| Panel Econometrics

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Extent:	application/pdf
Series:	10th International Conference on Panel Data, Berlin, July 5-6, 2002.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number B6-2
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005729274