Maximum likelihood estimation of the random effects model. (a) Using the concentrated likelihood function in (2.34), solve

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Maximum likelihood estimation of the random effects model.

(a) Using the concentrated likelihood function in (2.34), solve $\partial L_{C} / \partial \phi^{2}=0$ and verify (2.35).

(b) Solve $\partial L_{C} / \partial \beta=0$ and verify (2.36).

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Econometric Analysis Of Panel Data

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Authors: Badi H Baltagi

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Question Posted: Mar 02, 2024 11:00 PM

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Maximum likelihood estimation of the random effects model. (a) Using the concentrated likelihood function in (2.34), solve

Question:

Lc (B, $) = = constant NT 2 N log{d'[Q+ (P- INT)]d}+log (2.34)

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Econometric Analysis Of Panel Data

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