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Flashcards in lecture 7 key terms Deck (5)
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1

pooled ols

estimator that treats the panel as a large cross section with nT observations

2

cluster robust std errors

std errors that remain valid in the pols estimator

3

random effects gls

estimator that assumes e[ Vi | Xi ] = 0 and estimates B parameters efficiently in large samples by weighting the observations on the basis of a consistent estimator

4

fixed effects ols

estimator that assumes unobserved individual effects are not mean independent of the regressors

5

hausman test

test used to detect if unobserved heterogeneity is correlated with the regressors; null no correlation