Baltagi, Badi H.; Bresson, Georges; Etienne, Jean-Michel - In: Econometrics : open access journal 12 (2024) 2, pp. 1-15
For a panel data linear regression model with both individual and time effects, empirical studies select the two-way random-effects (TWRE) estimator if the Hausman test based on the contrast between the two-way fixed-effects (TWFE) estimator and the TWRE estimator is not rejected. Alternatively,...
