Chapter17-Revised.doc - NYU Stern
where and i is an column of 1s. ..... (This is somewhat apparent in the
Contoyannis et al. results on their page ..... No account of the panel nature of the
data set was taken for this exercise. ...... [57] Recall that estimation in the
regression model was based on the deviations from group means, not the
original data as it is here.