18.12 a. Show that B Eff.GMM is the efficient GMM estimatorthat is, that B Eff.GMM in Equation...

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18.12

a. Show that B Eff.GMM is the efficient GMM estimator—that is, that B Eff.GMM in Equation (18.66) is the solution to Equation (18.65).

b. Show that 2n1B nEff.GMM - B Eff.GMM2 ¡p 0.

c. Show that JGMM ¡d x2 m- k.

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