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Fixed-Effects Vector Decomposition: Properties, Reliability, and Instruments

Pluemper, Thomas and Troeger, Vera E (2011) 'Fixed-Effects Vector Decomposition: Properties, Reliability, and Instruments.' Political Analysis, 19 (2). pp. 147-164. ISSN 1047-1987

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Abstract

This article reinforces our 2007 Political Analysis publication in demonstrating that the fixed-effects vector decomposition (FEVD) procedure outperforms any other estimator in estimating models that suffer from the simultaneous presence of time-varying variables correlated with unobserved unit effects and time-invariant variables. We compare the finite-sample properties of FEVD not only to the Hausman-Taylor estimator but also to the pretest estimator and the shrinkage estimator suggested by Breusch, Ward, Nguyen and Kompas (BWNK), and Greene in this symposium. Moreover, we correct the discussion of Greene and BWNK of FEVD's asymptotic and finite-sample properties.

Item Type: Article
Subjects: J Political Science > JA Political science (General)
Divisions: Faculty of Social Sciences > Government, Department of
Depositing User: Jim Jamieson
Date Deposited: 18 Sep 2013 06:26
Last Modified: 08 Jan 2015 13:48
URI: http://repository.essex.ac.uk/id/eprint/7603

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