Author:
Baltagi Badi H.,Chang Young-Jae
Abstract
This paper compares the performance of several
single and system estimators of a two equation simultaneous
model with unbalanced panel data. The Monte Carlo design
varies the degree of unbalancedness in the data and the
variance components ratio due to the individual effects.
One useful result for applied researchers is that the feasible
error components 2SLS and 3SLS procedures based on simple
ANOVA type estimators of the variance components perform
well with incomplete panels and are recommended in practice.
Publisher
Cambridge University Press (CUP)
Subject
Economics and Econometrics,Social Sciences (miscellaneous)
Cited by
45 articles.
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