Stata The Stata listserver
[Date Prev][Date Next][Thread Prev][Thread Next][Date index][Thread index]

st: re: xtabond question


From   Kit Baum <[email protected]>
To   [email protected]
Subject   st: re: xtabond question
Date   Wed, 13 Apr 2005 20:09:17 -0400

Kevin said

As an aside, does anyone know of a basic level explanation of the benefits
to using xtabond2 v. xtabond?

The xtabond2 help files does a pretty good job of it. One can use .2 to do GMM-SYS (Blundell-Bond) as well as original Arellano-Bond. The syntax of .2 is more flexible: there is an example in Greene's Econometrics text which cannot be est by xtabond, but can be est with xtabond2. And .2 does the "Windmiejer correction", without which two-stage results are generally junk in terms of inference. Every other package that does DPD provides Windmeijer.

Kit Baum, Boston College Economics
http://ideas.repec.org/e/pba1.html

*
* For searches and help try:
* http://www.stata.com/support/faqs/res/findit.html
* http://www.stata.com/support/statalist/faq
* http://www.ats.ucla.edu/stat/stata/




© Copyright 1996–2024 StataCorp LLC   |   Terms of use   |   Privacy   |   Contact us   |   What's new   |   Site index