Panel Data - Memorial University of Newfoundland
Panel Data - Memorial University of Newfoundland
Panel Data - Memorial University of Newfoundland
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yit =β<br />
1i +β<br />
2x2it +β<br />
3x3it + eit<br />
t = 1, ,<br />
T<br />
(15.14)<br />
1 T it 1i 2 2it 3 3it it<br />
t 1<br />
( y x x e )<br />
∑ =β +β +β +<br />
T =<br />
T T T T<br />
1 1 1 1<br />
y = y =β +β x +β x + e<br />
∑ ∑ ∑ ∑<br />
i it 1i 2 2it 3 3it it<br />
T t= 1 T t= 1 T t= 1 T t=<br />
1<br />
(15.15)<br />
=β +β x +β x + e<br />
1i 2 2i 3 3i i<br />
Principles <strong>of</strong> Econometrics, 3rd Edition<br />
Slide 15-30