Warsono, Warsono and Utami, Bernadhita H. S. and Kurniasari, Dian and Usman, Mustofa (2014) GENERALIZED METHOD OF MOMENTS’ CHARACTERISTICS AND ITS APPLICATION ON PANELDATA. Science International, 26 (3). pp. 985-990. ISSN 1013-5316

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Abstract

Generalized Method of Moments (GMM) is an estimation procedure that allows econometric models especially in panel data to be specified while avoiding often unwanted or unnecessary assumptions, such as specifying a particular distribution for the errors. Panel data is combination of time series and cross section data that contain observations on thousands of individuals or families, each observed at several points in time. Furthermore, the Generalized Method of Moments estimator is obtained by minimizing the criterion function by making sample moment match the population moment.The point of this research is to analyze characteristics GMM estimator on panel data fixed effect models especially unbiasedness, variance minimum, consistency, and normal asymptotic distributed estimator properties. This paper also provide the application of GMM estimation on the area of “Cost for United States Airlines on Six Firms from 1970-1984”. Keywords: Panel Data; Generalized Method of Moments; Unbiasedness; Variance Minimum; Consistency; Normal Asymptotic Distributed

Item Type:	Article
Subjects:	A General Works > AC Collections. Series. Collected works
Divisions:	Fakultas Matematika dan Ilmu Pengetahuan Alam (FMIPA) > Prodi Matematika
Depositing User:	LPPM . Unila
Date Deposited:	12 Jul 2016 02:17
Last Modified:	12 Jul 2016 03:53
URI:	http://repository.lppm.unila.ac.id/id/eprint/122

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