Using the Monte Carlo setup for the two-way error component model given in (3.27) and (3.28) (see
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Using the Monte Carlo setup for the two-way error component model given in (3.27) and (3.28) (see Baltagi 1981), compare the various estimators of the variance components and regression coefficients studied in this chapter.
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Yit = a + Bxit + Uit Uit=fi + + Vit i=1, ..., N t = 1,..., T (3.27) (3.28)
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