treatment effect on the treated using a two way fixed effects regression. Our results point towards a positive effect of the …

Empirical researchers may wonder whether or not a two-way fixed effects estimator (with individual and period fixed … homogeneous with homogeneous factor loadings, the two-way fixed effects estimation is more efficient than the CCE estimation …, more efficient than the two-way fixed effects estimation. By means of Monte Carlo simulations, we verify the asymptotic …