Table 2A. Monte Carlo simulation results
N = 30,T = 300,7L^.U[0.5,1.5],£dk=Pz=0.9,ad^^_U[0.5, 1.5]
|
A) Regression I | ||||||
|
Mean |
SSD |
Min. |
Max. |
Skew. |
Kurt-3 | |
|
MG________________________________ | ||||||
|
ʌ |
1.4110 |
.0637 |
1.2563 |
1.6184 |
.1564 |
-.1977 |
|
ʌ SEι(θ) |
.0234 |
.0034 |
.0137 |
.0365 |
.0983 |
.0359 |
|
FE_________________________________________ | ||||||
|
ʌ |
1.4053 |
.0629 |
1.2459 |
1.5887 |
.1382 |
-.2571 |
|
ʌ SEι(θ) |
.0065 |
.0002 |
.0060 |
.0072 |
.1899 |
-.0861 |
|
POLS_______________________________________ | ||||||
|
ʌ |
1.3899 |
.0619 |
1.2368 |
1.5744 |
.1564 |
-.1977 |
|
ʌ SEι(θ) |
.0064 |
.0002 |
.0059 |
.0071 |
.0770 |
-.1795 |
|
B) Regression II | ||||||
|
Mean |
SSD |
Min. |
Max. |
Skew. |
Kurt-3 | |
|
MG_______________________________ | ||||||
|
ʌ |
1.0397 |
.0154 |
1.0065 |
1.1210 |
.9317 |
1.7659 |
|
ʌ SEi (b) |
.0060 |
.0013 |
.0031 |
.0121 |
.7812 |
1.1088 |
|
FE_________________________________________ | ||||||
|
ʌ |
1.0373 |
.0158 |
1.0077 |
1.1058 |
.7595 |
.8561 |
|
ʌ SEi (b) |
.0044 |
.0002 |
.0039 |
.0053 |
.6836 |
.6280 |
|
POLS_______________________________________ | ||||||
|
ʌ |
1.0351 |
.0150 |
1.0054 |
1.0959 |
.7117 |
.6410 |
|
ʌ SEi (b) |
.0043 |
.0002 |
.0039 |
.0051 |
.6538 |
.4204 |
23
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