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Estimating Dynamic Panel Data Models: A Practical Guide ...

Estimating Dynamic Panel Data Models: A Practical Guide ...

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Anderson and Hsiao (1981) derive an instrumental variables approach. Holtz-Eakin, Newey and Rosen (1988) expand on the Anderson-Hsiao approach, showing how to implement it to estimate a vector autoregression with time-varying parameters. Arellano and Bond (1991) use Monte Carlo

  Variable, Instrumental, Instrumental variables

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