Pain, Nigel (contributor); Welsum, Desiree van (contributor) - 2004 - [Elektronische Ressource]
,
heterogeneous, partial adjustment panel model of the form:
)
2
i
,0(IN
it
u;
it
u)
1it
Y(ln
i
)
it
X(ln
ii
)
it
Y(ln σ≈+
−
λ …+β+α= [1]
for each of i=1…N groups, over t=1..T observations, where X denotes a k*1 vector of independent
explanatory … omitted factors that vary across groups, but not across time. A
convenient reparameterisation of [1] is:
[]
it
u)
it
X(ln
i …