Table 1B. Monte Carlo simulation results
|
N =30,T |
=25, γi |
= 1, ρdi |
=0, ρz |
=0, σ2di = |
1 | |
|
A) Regression I | ||||||
|
Mean |
SSD |
Min. |
Max. |
Skew. |
Kurt-3 | |
|
MG________________________________ | ||||||
|
ʌ |
1.5070 |
.0766 |
1.2645 |
1.7224 |
-.2967 |
.0069 |
|
ʌ SEι(θ) |
.0305 |
.0048 |
.0171 |
.0479 |
.2111 |
.0868 |
|
FE_________________________________________ | ||||||
|
ʌ |
1.4966 |
.0754 |
1.2460 |
1.7053 |
-.3233 |
.0326 |
|
ʌ SEι(θ) |
.0322 |
.0020 |
.0259 |
.0378 |
-.0169 |
-.1542 |
|
ʌ SE2(θ) |
.0567 |
.0035 |
.0465 |
.0659 |
.0043 |
-.0825 |
|
ʌ SE3(θ) |
.0716 |
.0137 |
.0410 |
.1318 |
.8815 |
1.2679 |
|
POLS_______________________________________ | ||||||
|
ʌ |
1.4869 |
.0751 |
1.2406 |
1.6989 |
-.3207 |
.0052 |
|
ʌ SE1(θ) |
.0317 |
.0019 |
.0256 |
.0375 |
-.0124 |
-.1353 |
|
ʌ SE2(θ) |
.0567 |
.0034 |
.0461 |
.0656 |
.0082 |
-.0888 |
|
ʌ SE3(θ) |
.0717 |
.0132 |
.0366 |
.1296 |
.4597 |
.2201 |
|
B) Regression II | ||||||
|
Mean |
SSD |
Min. |
Max. |
Skew. |
Kurt-3 | |
|
MG_______________________________ | ||||||
|
ʌ |
1.1384 |
.0734 |
.9472 |
1.4178 |
.3728 |
.2719 |
|
ʌ SE1(b) |
.0374 |
.0052 |
.0201 |
.0539 |
.1556 |
-.1378 |
|
FE_________________________________________ | ||||||
|
ʌ |
1.1279 |
.0709 |
.9565 |
1.3694 |
.3425 |
.2523 |
|
ʌ SE1(b) |
.0341 |
.0015 |
.0278 |
.0378 |
-.0736 |
.1013 |
|
ʌ SE2(b) |
.0355 |
.0024 |
.0297 |
.0488 |
.6921 |
1.3834 |
|
ʌ SE3(b) |
.0406 |
.0076 |
.0246 |
.0801 |
.8646 |
1.8745 |
|
POLS_______________________________________ | ||||||
|
ʌ |
1.1243 |
.0689 |
.9539 |
1.3793 |
.3591 |
.2305 |
|
ʌ SEi(b) |
.0335 |
.0016 |
.0279 |
.0386 |
-.1084 |
.1745 |
|
ʌ SE2(b) |
.0355 |
.0024 |
.0299 |
.0492 |
.7604 |
1.8043 |
|
ʌ SE3(b) |
.0392 |
.0076 |
.0220 |
.0642 |
.5005 |
.2672 |
22
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