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An Algorithm to Estimate the Two-Way Fixed Effects Model
Frisch-Waugh-Lovell theorem GMM OLS panel data two-way fixed effects
2015/7/31
We present an algorithm to estimate the two-way fixed effect linear model. The algorithm relies on
the Frisch-Waugh-Lovell theorem and applies to ordinary least squares (OLS), two-stage least square...
Demand-led growth and Technological Progress in a Two-sector Cumulative Causation Model
disproportionate growth productivity regime demand regime
2010/12/7
From the viewpoint of Nicholas Kaldor's cumulative causation theory, this paper describes a theoretical investigation into the effects of increased labor productivity growth on output and employment g...