Consider the unobserved effects panel data model for a random draw i, where at denotes different year
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Consider the unobserved effects panel data model for a random draw i, where at denotes different year intercepts:
Assuming a balanced panel, write down, for a given i, the CRE equation that you would estimate using the RE estimator. Which parameter estimates should be identifical to the fixed effects estimates?
Transcribed Image Text:
Yit = a,d2 + + azdT + BXuı + BzXi2 + Bztn + YıZ + Y2Zn + Y32 ... + Y4t1Zil + a; + uj, t = 1, 2, ..., T
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Related Book For
Introductory Econometrics A Modern Approach
ISBN: 9781337558860
7th Edition
Authors: Jeffrey Wooldridge
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