Simultaneous equations with incomplete panels

Badi H. Baltagi, Young Jae Chang

Research output: Contribution to journalArticle

20 Scopus citations

Abstract

This paper compares the performance of several single and system estimators of a two equation simultaneous model with unbalanced panel data. The Monte Carlo design varies the degree of unbalancedness in the data and the variance components ratio due to the individual effects. One useful result for applied researchers is that the feasible error components 2SLS and 3SLS procedures based on simple ANOVA type estimators of the variance components perform well with incomplete panels and are recommended in practice.

Original languageEnglish (US)
Pages (from-to)269-279
Number of pages11
JournalEconometric Theory
Volume16
Issue number2
DOIs
StatePublished - Jan 1 2000
Externally publishedYes

ASJC Scopus subject areas

  • Social Sciences (miscellaneous)
  • Economics and Econometrics

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