Monte Carlo Study for Swamy’s Estimate of Random Coefficient Panel Data Model
by Amani Mousa, Ahmed H. Youssef and Mohamed R. Abonazel
A particularly useful approach for analyzing pooled cross sectional and time series data is Swamy's random coefficient panel data (RCPD) model. This paper examines the performance of Swamy's estimators and tests associated with this model by using Monte Carlo simulation. The Monte Carlo study shed some light into how well the Swamy's estimate perform in small, medium, and large samples, in cases when the regression coefficients are fixed, random, and mixed. The Monte Carlo simulation results suggest that the Swamy's estimate perform well in small samples if the coefficients are random and but it does not when regression coefficients are fixed or mixed. But if the samples sizes are medium or large, the Swamy's estimate performs well when the regression coefficients are fixed, random, or mixed.
Random Coefficient Panel Data Model, Mixed RCPD Model, Panel Data, Monte Carlo Simulation, Pooling Cross Section and Time Series Data
Ahmed H. Youssef firstname.lastname@example.org
Mohamed R. Abonazel
Ravi Khattree, email@example.com
READING THE ARTICLE: You can read the article in
portable document (.pdf) format (222185 bytes.)
If you have any comments or for further discussion, contact an author.
NOTE: The content of this article is the intellectual property of the authors, who retains all rights to future publication.
This page has been accessed 2454 times since APRIL 11, 2011.
Return to the Home Page.