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Individual and Time Effects in Nonlinear Panel Models with Large N, T

Ivan Fernandez-Val, Martin Weidner

arXiv 27 Nov 2013 · Statistics — Methodology · publishedJournal of Econometrics (2016) · 312 citations (OpenAlex)

arXiv:1311.7065 · PDF · DOI · OpenAlex · Extracted main text

Abstract

We derive fixed effects estimators of parameters and average partial effects in (possibly dynamic) nonlinear panel data models with individual and time effects. They cover logit, probit, ordered probit, Poisson and Tobit models that are important for many empirical applications in micro and macroeconomics. Our estimators use analytical and jackknife bias corrections to deal with the incidental parameter problem, and are asymptotically unbiased under asymptotic sequences where $N/T$ converges to a constant. We develop inference methods and show that they perform well in numerical examples.

Citation extraction

48
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appendix boundary found by appendix_titled_section at “Proofs of Appendix~\ref{app:expansion} (Asymptotic Expansions)” · 60% of the source is main text. Read the extracted text to check this.

Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Hahn, J. and Newey, W (2004) Jackknife and analytical bias reduction for nonlinear panel models1.00065100%
2Hahn, J. and Kuersteiner, G (2011) Bias reduction for dynamic nonlinear panel models with fixed effects1.00063100%
3Dhaene, G. and Jochmans, K (2015) Split-panel jackknife estimation of fixed-effect models0.92843100%
4Aghion, P., Bloom, N., Blundell, R., Griffith, R., and Howitt, P (2005) Competition and innovation: an inverted-U relationship0.84333100%
5Fernández-Val, I (2009) Fixed effects estimation of structural parameters and marginal effects in panel probit models0.84333100%
6Neyman, J. and Scott, E (1948) Consistent estimates based on partially consistent observations0.81142100%
7Arellano, M. and Hahn, J (2007) Understanding Bias in Nonlinear Panel Models: Some Recent Developments0.64422100%
Hahn and Kuersteinerunmatched citation key Hahn and Kuersteiner0.58531100%
Charbonneauunmatched citation key Charbonneau0.51121100%
Lancasterunmatched citation key Lancaster0.51121100%

Showing the top 10 of 82 scored citations. 3 of these could not be matched to a bibliography entry, so only the citation key is shown.

Cited by, within the corpus

arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.

Citing paperIntensityMentionsSections
1Robust Priors in Nonlinear Panel Models with Individual and Time Effects1.0002210
2Network and Panel Quantile Effects Via Distribution Regression1.000165
3Dealing with Logs and Zeros in Regression Models1.00053
4Fixed Effects Binary Choice Models: Estimation and Inference with Long Panels0.988285
5Debiased Fixed Effects Estimation of Binary Logit Models with Three-Dimensional Panel Data0.964298
6(Debiased) Inference for Fixed Effects Estimators with Three-Dimensional Panel and Network Data0.952226
7Inference for Fixed Effects Estimators when Panels are Unbalanced0.944256
8Specification testing with grouped fixed effects0.92843
9Penalized Likelihood for Dyadic Network Formation Models with Degree Heterogeneity0.92843
10State Dependence and Unobserved Heterogeneity in the Extensive Margin of Trade0.909207