A Principal Components Approach to Cross-Section Dependence in Panels



Table 2B. Monte Carlo simulation results

N = 30,T = 25,7k^U[015i1.5]1Pdk=Pz=0191σd^^U[0.5,-L.5]

A) Regression I

Mean

SSD

Min.

Max.

Skew.

Kurt-3

MG________________________________

ʌ
^

1.4443

.1499

1.1098

1.9150

.3441

-.2593

ʌ

SEι(θ)

.0456

.0090

.0248

.0750

.4310

-.0399

FE_________________________________________

ʌ
^

1.4104

.1405

1.0860

1.8757

.2773

-.2972

ʌ

SEι(θ)

.0253

.0018

.0192

.0319

.0469

.5201

POLS_______________________________________

ʌ
^

1.2865

.1238

1.0495

1.7040

.6528

.2045

ʌ

SEι(θ)

.0224

.0020

.0169

.0324

.4613

1.2229

B) Regression II

Mean

SSD

Min.

Max.

Skew.

Kurt-3

MG_________________________________

ʌ
b

1.1053

.1215

.9606

1.9167

2.9186

12.1884

ʌ

SEi (b)

.0312

.0071

.0173

.0669

1.2112

2.5237

FE__________________________________________

ʌ
b

1.0793

.1022

.9661

1.8435

3.1859

14.5451

ʌ

SEi (b)

.0230

.0018

.0186

.0291

.3763

-.1251

POLS________________________________________

ʌ
b

1.0514

.0804

.8759

1.6655

3.5172

18.5723

ʌ

SEi (b)

.0187

.0025

.01389

.0344

1.2047

3.1074

24



More intriguing information

1. An Attempt to 2
2. Modelling the Effects of Public Support to Small Firms in the UK - Paradise Gained?
3. Methods for the thematic synthesis of qualitative research in systematic reviews
4. The name is absent
5. The name is absent
6. The name is absent
7. On the estimation of hospital cost: the approach
8. The name is absent
9. TLRP: academic challenges for moral purposes
10. The name is absent
11. THE MEXICAN HOG INDUSTRY: MOVING BEYOND 2003
12. WP 1 - The first part-time economy in the world. Does it work?
13. The name is absent
14. A Rational Analysis of Alternating Search and Reflection Strategies in Problem Solving
15. Spatial Aggregation and Weather Risk Management
16. The name is absent
17. Road pricing and (re)location decisions households
18. Palkkaneuvottelut ja työmarkkinat Pohjoismaissa ja Euroopassa
19. The name is absent
20. Developments and Development Directions of Electronic Trade Platforms in US and European Agri-Food Markets: Impact on Sector Organization