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Working Papers N° 467: Estimation of a Dynamic Panel Data: The Case Of Corporate Investment in Chile

Autor: Rodrigo Alfaro


Description

In this paper I discuss about the estimation of Dynamic Panel Data model, showing that we can reduce the finite-sample bias of the Arellano-Bond estimator by truncation of the number of lags used in this estimator. We check our theoretical result in an empirical application using a panel of Chilean firms.

Working Papers N° 467: Estimation of a Dynamic Panel Data: The Case Of Corporate Investment in Chile
 
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