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Moment Restrictions for Nonlinear Panel Data Models with Feedback

Bonhomme, Stéphane et al.
arXiv (All) · Papers
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econometricsmethodology
Many panel data methods, while allowing for general dependence between covariates and time-invariant agent-specific heterogeneity, place strong a priori restrictions on feedback: how past outcomes, covariates, and heterogeneity map into future covariate levels. Ruling out feedback entirely, as often
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