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Dynamic Panel Models with Endogeneity by Tahir H Ansari is a document available to read on EtoBox.
This paper develops a dynamic panel threshold model that addresses nonlinear asymmetric dynamics and unobserved individual heterogeneity, utilizing a first-differenced GMM estimator to allow for endogenous threshold variables and regressors. The authors provide asymptotic theory, testing procedures, and Monte Carlo studies to support their theoretical predictions, culminating in an empirical application that examines the sensitivity of investment to cash flows among UK firms. The findings suggest that cash
- Author
- Tahir H Ansari
- Language
- EN