A Principal Components Approach to Cross-Section Dependence in Panels



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
b

1.0397

.0154

1.0065

1.1210

.9317

1.7659

ʌ

SEi (b)

.0060

.0013

.0031

.0121

.7812

1.1088

FE_________________________________________

ʌ
b

1.0373

.0158

1.0077

1.1058

.7595

.8561

ʌ

SEi (b)

.0044

.0002

.0039

.0053

.6836

.6280

POLS_______________________________________

ʌ
b

1.0351

.0150

1.0054

1.0959

.7117

.6410

ʌ

SEi (b)

.0043

.0002

.0039

.0051

.6538

.4204

23



More intriguing information

1. Non Linear Contracting and Endogenous Buyer Power between Manufacturers and Retailers: Empirical Evidence on Food Retailing in France
2. Hemmnisse für die Vernetzungen von Wissenschaft und Wirtschaft abbauen
3. The name is absent
4. The name is absent
5. The name is absent
6. CONSUMER ACCEPTANCE OF GENETICALLY MODIFIED FOODS
7. FDI Implications of Recent European Court of Justice Decision on Corporation Tax Matters
8. AN EMPIRICAL INVESTIGATION OF THE PRODUCTION EFFECTS OF ADOPTING GM SEED TECHNOLOGY: THE CASE OF FARMERS IN ARGENTINA
9. The name is absent
10. The name is absent