TY  - RPRT
        AU  - Buddelmeyer, Hielke
AU  - Jensen, Paul H.
AU  - Oguzoglu, Umut
AU  - Webster, Elizabeth
        TI  - Fixed Effects Bias in Panel Data Estimators
        PY  - 2008/May/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 3487
        UR  - https://www.iza.org/index.php/publications/dp3487
        AB  - Since little is known about the degree of bias in estimated fixed effects in panel data models, we run Monte Carlo simulations on a range of different estimators. We find that Anderson-Hsiao IV, Kiviet’s bias-corrected LSDV and GMM estimators all perform well in both short and long panels. However, OLS outperforms the other estimators when the following holds: the cross-section is small (N = 20), the time dimension is short (T = 5) and the coefficient on the lagged dependent variable is large (γ = 0.8).	
        KW  - fixed effects
KW  - panel data
KW  - LSDV
KW  - dynamic model
        ER  -