Garrett, Thomas Andrew (contributor); … - 2003 - [Elektronische Ressource]
be expressed as:
(1) yWyX
**
= ⋅ ⋅ + +ρ β ε
where X is a (TN×K) matrix of exogenous variables, and ε is a (TN×1 …:
(6) Zy ZI W X ZI W I W
k
k
R
kk
k
R
kk
k
R
k
⋅=⋅− +⋅− −
=
−
=
−
=
−
∑∑∑
*
()()()ρβ ρ λ
1
1
1
1
1
1
υ
Because y …