Fixed effects models with time invariant variables: A theoretical note

Ronald L. Oaxaca; Iris Geisler

doi:10.1016/S0165-1765(03)00121-6

Fixed effects models with time invariant variables: A theoretical note

Ronald L. Oaxaca, Iris Geisler

Economics

Research output: Contribution to journal › Article › peer-review

25 Scopus citations

Abstract

This paper demonstrates the equivalence between a consistent two-stage GLS estimator and the pooled OLS estimator of the coefficients on time invariant covariates in an unbalanced FE panel. In general the estimated standard errors differ between these two procedures.

Original language	English (US)
Pages (from-to)	373-377
Number of pages	5
Journal	Economics Letters
Volume	80
Issue number	3
DOIs	https://doi.org/10.1016/S0165-1765(03)00121-6
State	Published - Sep 1 2003

Keywords

Panel data
Time invariant regressors

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/S0165-1765(03)00121-6

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title = "Fixed effects models with time invariant variables: A theoretical note",

abstract = "This paper demonstrates the equivalence between a consistent two-stage GLS estimator and the pooled OLS estimator of the coefficients on time invariant covariates in an unbalanced FE panel. In general the estimated standard errors differ between these two procedures.",

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author = "Oaxaca, {Ronald L.} and Iris Geisler",

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JO - Economics Letters

JF - Economics Letters

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Fixed effects models with time invariant variables: A theoretical note

Abstract

Keywords

ASJC Scopus subject areas

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