Second-order corrected likelihood for nonlinear panel models with fixed effects
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DOI: 10.1016/j.jeconom.2020.04.001
Abstract: We introduce a second-order correction technique for nonlinear fixed-effect models exposed to the incidental parameter problem. This technique produces a bias-corrected log-likelihood function that possesses a bias only to the order (in expectation) of O… read more here.
Keywords: log likelihood; order; likelihood; order corrected ... See more keywords