Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/86008
Authors: 
Carree, Martin A.
Year of Publication: 
2002
Series/Report no.: 
Tinbergen Institute Discussion Paper 02-007/2
Abstract: 
This paper introduces a new estimator for the fixed effects dynamic panel data model withexogenous variables. This estimator does not share some of the drawbacks of recently developed IVand GMM estimators and has a good performance even in small samples. The nearly unbiased estimatoris derived as a bias correction of the within estimator (least squares dummy variable estimator).The estimator is applied to a model of unemployment dynamics at the U.S. state level for the1991-2000 period.
Subjects: 
panel data
fixed effects
nearly unbiased estimation
JEL: 
C23
Document Type: 
Working Paper

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