Gholamreza Hajargsht, William E. Griffiths, Joseph … - Department of Economics, Faculty of Business and Economics - 2012
conditions and an optimal weight matrix that can be used for GMM estimation of any parametric income distribution are derived …. Our derivation of the weight matrix and its inverse allows us to express the seemingly complex GMM objective function in a … not specify a formal GMM framework, did not provide methodology for obtaining standard errors, and restricted the analysis …