(a) Verify the expression for (Sigma_{c}) given at (24.25). (b) Prove the consistency property of the estimators...

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(a) Verify the expression for $\Sigma_{c}$ given at (24.25).

(b) Prove the consistency property of the estimators $\widehat{\sigma}^{2}$ and $\widehat{ho}$ in the CSRE model.

(c) Consider the bias of the standard errors in the balanced cluster CSRE model. Show that in this case $\mathrm{E}\left[\sum_{c} \sum_{j} \widehat{u}_{c j}^{2}\right]=\sigma^{2}[N-K(1+ho(m-1))]$.

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Microeconometrics Methods And Applications

ISBN: 9780521848053

1st Edition

Authors: A.Colin Cameron, Pravin K. Trivedi

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Question Posted: May 23, 2024 02:00 AM

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(a) Verify the expression for (Sigma_{c}) given at (24.25). (b) Prove the consistency property of the estimators...

Question:

Eje~[0, 0], (24.25)

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Microeconometrics Methods And Applications

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