Lagged dependent variables and specification bias

被引：7
|
作者：
McKinnish, T [1 ]
机构：
[1] Univ Colorado, Dept Econ, Boulder, CO 80309 USA
来源：
ECONOMICS LETTERS | 2005年 / 88卷 / 01期
关键词：
lagged dependent variable; specification error; convergence; welfare caseloads;
D O I：
10.1016/j.econlet.2004.12.025
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Many panel data models include a lagged dependent variable as a regressor. Analytical results in this note show that common forms of misspecification induce negative bias in the coefficient estimate. An analysis of welfare caseloads illustrates these results. (c) 2005 Elsevier B.V. All rights reserved.
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页码：55 / 59
页数：5
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