A one-stage random effect counterpart of the fixed-effect vector decomposition model with anapplication to UK electricity distribution utilities

A one-stage random effect counterpart of the fixed-effect vector decomposition model with anapplication to UK electricity distribution utilities

To deal with the presence of slowly changing variables, Plümper and Troeger (2007) proposed a fixed effects vector decomposition (FEVD) estimator, which is a three-stage procedure based on the fixed effects estimator. We show that this estimator moves between fixed effect and ordinary least squar...

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Bibliographic Details
Main Authors: Greene, William, Orea, L., Wall, A.
Format: Working Paper
Published: University of Oviedo 2011
Subjects:
fixed effects vector decomposition
one-stage estimator
slowly changing variables
Online Access:https://www.unioviedo.es/oeg/ESP/esp_2011_01.pdf
http://hdl.handle.net/20.500.11937/22266

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