In the panel data models estimated in Example 21.5.1, neither the log it nor the probit model
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In the panel data models estimated in Example 21.5.1, neither the log it nor the probit model provides a framework for applying a Hausman test to determine whether fixed or random effects is preferred. Explain.
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Look at the two cases Neither case has an estimator which is consistent in both cases In both cases ...View the full answer
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