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 |
1.1053 |
.1215 |
.9606 |
1.9167 |
2.9186 |
12.1884 |
|
ʌ SEi (b) |
.0312 |
.0071 |
.0173 |
.0669 |
1.2112 |
2.5237 |
|
FE__________________________________________ | ||||||
|
ʌ |
1.0793 |
.1022 |
.9661 |
1.8435 |
3.1859 |
14.5451 |
|
ʌ SEi (b) |
.0230 |
.0018 |
.0186 |
.0291 |
.3763 |
-.1251 |
|
POLS________________________________________ | ||||||
|
ʌ |
1.0514 |
.0804 |
.8759 |
1.6655 |
3.5172 |
18.5723 |
|
ʌ SEi (b) |
.0187 |
.0025 |
.01389 |
.0344 |
1.2047 |
3.1074 |
24
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