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Partitioned Wild Bootstrap for Panel Data Quantile Regression

Antonio F. Galvao, Carlos Lamarche, Thomas Parker

arXiv 24 Jul 2025 · Econometrics

arXiv:2507.18494 · PDF · DOI · OpenAlex · Extracted main text

Abstract

Practical inference procedures for quantile regression models of panel data have been a pervasive concern in empirical work, and can be especially challenging when the panel is observed over many time periods and temporal dependence needs to be taken into account. In this paper, we propose a new bootstrap method that applies random weighting to a partition of the data -- partition-invariant weights are used in the bootstrap data generating process -- to conduct statistical inference for conditional quantiles in panel data that have significant time-series dependence. We demonstrate that the procedure is asymptotically valid for approximating the distribution of the fixed effects quantile regression estimator. The bootstrap procedure offers a viable alternative to existing resampling methods. Simulation studies show numerical evidence that the novel approach has accurate small sample behavior, and an empirical application illustrates its use.

Citation extraction

38
references
89
in-text mentions
38
distinct cited
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self-citations
9,667
main-text words

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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
1Lamarche and Parker (2023) Wild Bootstrap Inference for Penalized Quantile Regression for Longitudinal Data0.9619589%
2Gregory, Lahiri, and Nordman (2018) A Smooth Block Bootstrap for Quantile Regression with Time Series0.9619489%
3Kato, Galvao, and Montes-Rojas (2012) Asymptotics for Panel Quantile Regression Models with Individual Effects0.9568588%
4Fitzenberger (1998) The Moving Blocks Bootstrap and Robust Inference for Linear Least Squares and Quantile Regressions0.9568488%
5Galvao, Gu, and Volgushev (2020) On the Unbiased Asymptotic Normality of Quantile Regression with Fixed Effects0.9416483%
6Shao (2010) Extended Tapered Block Bootstrap0.9285480%
7Feng, He, and Hu (2011) Wild Bootstrap for Quantile Regression0.9285380%
8Galvao, Parker, and Xiao (2024) Bootstrap Inference for Panel Data Quantile Regression0.8746467%
9Goncalves (2011) The Moving Blocks Bootstrap for Panel Linear Regression Models with Individual Fixed Effects0.64422100%
10Koenker (2004) Quantile Regression for Longitudinal Data0.64422100%

Showing the top 10 of 38 scored citations.