Panel Data Lecture Flashcards

1
Q

What are the types of data? (4)

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2
Q

What are the two types of panel data?

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3
Q

What is exogeneity?

A

Where the value for x isn’t explained by any values within the system

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4
Q

What is endogeneity?

A

Where the value for x isn’t explained by any values within the system

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5
Q

What is the Instrumental Variable approach?

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6
Q

How do we apply the IV estimator?

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7
Q

What are the properties of z?

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8
Q

When is the estimator consistent?

A

The estimator is consistent if z is correlated with x and uncorrelated with the error term.

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9
Q

What is the formula for BIV?

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10
Q

What is the order condition for the IV estimator?

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11
Q

Why is the 2SLS the most efficient estimator for IV when you have more than one variable?

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12
Q

How do we write the vector of exogenous variables?

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13
Q

What are the 2 steps of 2SLS?

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14
Q

What is the formula for a Panel Data Model?

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15
Q

How do we represent the Linear Unobserved Effects on Panel Data Models?

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16
Q

What types of linear panel model are there?

A
17
Q

What are the properties and equation for a pooled data model?

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18
Q

What are the properties and equation for a individual and time dummies model?

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19
Q

What are the properties and equation for a unobserved effects model?

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20
Q

What are the properties and equation for a fixed effects model?

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21
Q

What are the properties and equation for a random effects model?

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22
Q

What is the variance-covariance matrix for the RE model?

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23
Q

What is the equation for the GLS estimator of the RE model?

A
24
Q

What is the Hausman test and how do we write it?

A