Daniel Czarnowske, Amrei Stammann
arXiv 7 Apr 2020 · Econometrics
arXiv:2004.03414 · PDF · Extracted main text
We derive the asymptotic theory of Bai (2009)'s interactive fixed effects estimator in unbalanced panels where the source of attrition is conditionally random. For inference, we propose a method of alternating projections algorithm based on straightforward scalar expressions to compute the residualized variables required for the estimation of the bias terms and the covariance matrix. Simulation experiments confirm our asymptotic results as reliable finite sample approximations. Furthermore, we reassess Acemoglu et al. (2019). Allowing for a more general form of unobserved heterogeneity, we confirm significant effects of democratization on growth.
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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.
| Reference | Intensity | Mentions | Sections | Main text | |
|---|---|---|---|---|---|
| 1 | Jushan Bai (2009) Panel Data Models with Interactive Fixed Effects | 1.000 | 28 | 6 | 100% |
| 2 | Daron Acemoglu and Suresh Naidu and Pascual Restrepo and James A. Ro… (2019) Democracy Does Cause Growth | 1.000 | 11 | 3 | 100% |
| 3 | Iván Fernández-Val and Martin Weidner (2018) Fixed Effects Estimation of Large-T Panel Data Models | 1.000 | 9 | 4 | 100% |
| 4 | Hyungsik Roger Moon and Martin Weidner (2026) Nuclear Norm Regularized Estimation of Panel Regression Models | 1.000 | 8 | 4 | 100% |
| 5 | Mingli Chen and Iván Fernández-Val and Martin Weidner (2021) Nonlinear factor models for network and panel data | 0.941 | 6 | 5 | 83% |
| 6 | Sainan Jin and Ke Miao and Liangjun Su (2021) On factor models with random missing: EM estimation, inference, and cross validation | 0.928 | 5 | 5 | 80% |
| 7 | Andreas Buja and Nermin Eyuboglu (1992) Remarks on Parallel Analysis | 0.928 | 4 | 3 | 100% |
| 8 | Hyungsik Roger Moon and Martin Weidner (2017) DYNAMIC LINEAR PANEL REGRESSION MODELS WITH INTERACTIVE FIXED EFFECTS | 0.898 | 29 | 6 | 72% |
| 9 | Victor Chernozhukov and Christian Hansen and Yuan Liao and Yinchu Zhu (2019) Inference for Heterogeneous Effects using Low-Rank Estimation of Factor Slopes | 0.894 | 7 | 3 | 71% |
| 10 | Fan, Jianqing and Li, Kunpeng and Liao, Yuan (2021) Recent Developments in Factor Models and Applications in Econometric Learning | 0.874 | 6 | 3 | 67% |
Showing the top 10 of 60 scored citations.
arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.
| Citing paper | Intensity | Mentions | Sections | |
|---|---|---|---|---|
| 1 | Inference for Fixed Effects Estimators when Panels are Unbalanced | 0.405 | 1 | 1 |