- 13.1: The following is a panel of data on investment (y) and profit (x) f...
- 13.2: Suppose that the model of (13-2) is formulated with an overall cons...
- 13.3: Use the data in Section 13.9.7 (the Grunfeld data) to fit the rando...
- 13.4: Derive the log-likelihood function for the model in (13-18), assumi...
- 13.5: Unbalanced design for random effects. Suppose that the random effec...
- 13.6: What are the probability limits of (1/n)LM, where LM is defined in ...
- 13.7: A two-way fixed effects model. Suppose that the fixed effects model...
- 13.8: Two-way random effects model.We modify the random effects model by ...
- 13.9: The model y1 y2 = x1 x2 + 1 2 satisfies the groupwise heteroscedast...
- 13.10: Suppose that in the groupwise heteroscedasticity model of Section 1...
- 13.11: Repeat Exercise 10 for the cross sectionally correlated model of Se...
- 13.12: The following table presents a hypothetical panel of data: i = 1 i ...
Solutions for Chapter 13: MODELS FOR PANEL DATA
Full solutions for Econometric Analysis | 5th Edition
a certificate of indebtedness
fluctuations in economic activity, such as employment and production
the accumulation of a sum of money in, say, a bank account, where the interest earned remains in the account to earn additional interest in the future
the failure of majority rule to produce transitive preferences for society
the deviation of unemployment from its natural rate
a severe recession
the property of distributing economic prosperity uniformly among the members of society
a situation in which the market price has reached the level at which quantity supplied equals quantity demanded
the price that balances quantity supplied and quantity demanded
a good for which an increase in the price raises the quantity demanded
the accumulation of investments in people, such as education and on-the-job training
the change in consumption that results when a price change moves the consumer to a higher or lower indifference curve
market for loanable funds
the market in which those who want to save supply funds and those who want to borrow to invest demand funds
the setting of the money supply by policymakers in the central bank
the inputs into the production of goods and services that are provided by nature, such as land, rivers, and mineral deposits
the amount a seller is paid for a good minus the seller’s cost of providing it
total revenue minus total cost
a tax for which highincome taxpayers pay a larger fraction of their income than do low-income taxpayers
an action taken by an uninformed party to induce an informed party to reveal information
unit of account
the yardstick people use to post prices and record debts