estimator is biased in the context of dynamic estimation. The estimators taking into account the resulting bias can be grouped … broadly into the class of instrumental estimators and the class of direct bias corrected estimators. The simulation results … clearly favour the direct bias corrected estimators, especially the estimator proposed by Hansen (2001). The superiority of …

estimator is biased in the context of dynamic estimation. The estimators taking into account the resulting bias can be grouped … broadly into the class of instrumental estimators and the class of direct bias corrected estimators. The simulation results … clearly favour the direct bias corrected estimators, especially the estimator proposed by Hansen (2001). The superiority of …

In the presence of selection bias the traditional estimators for pseudo panel data models are inconsistent. This paper … discusses a method to achieve consistency in static linear pseudo panels in the presence of selection bias and a testing … procedure for sample selection bias. The authors' approach uses a bias correction term proportional to the inverse Mills ratio …