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Asymptotic Distribution of MisspeciÖed Random E§ects Estimator for a Dynamic Panel Model with Fixed E§ects When Both n and T are Large
panel model random e§ects
2015/9/22
We consider a dynamic panel AR(1) model with Öxed e§ects when both n and T are large. It is shown
that the MLE motivated by the random e§ects assumption is asymptotically unbiased even when the
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