Front Matter Page
Research Department
Authorized for distribution by Arvind Subramanian
Contents
I. introduction
II. Biases of the OLS and LSDV Estimators: Analytical Solutions
III. Monte Carlo Experiments
IV. Conclusion
Appendix
I. Bias of OLS Estimator When γ = β =0 and
References
Tables
1. Estimates of Equation (3)
2. Parameter Values Used in Simulations
3. Estimates of Parameters of Equation (5), Various Scenarios