Speaker: Prof Cheng HSIAO (Department of Economics, University of Southern California)

IIDS Workshop: Important Considerations in Working Panel Dynamic Models

Date: 16 April 2019 (Tue)

Time: 19:00 – 21:00

Venue: Room 205, Main Building

Abstract: This workshop discusses three important issues arising from analyzing panel dynamic models: (1) Initial value distribution; (2) Fixed versus random effects specification; and (3) Relative sample size between the cross-section dimension, N, and the time series dimension, T. It highlights the difference between the likelihood approach and the method of moments approach in view of these three issues. The focus will be on consistency, efficiency and asymptotic unbiasedness.