Bootstrap methods for inference in the Parks model

This paper shows how to bootstrap hypothesis tests in the context of the Parks's (1967) Feasible Generalized Least Squares estimator. It then demonstrates that the bootstrap outperforms FGLS(Parks)'s top competitor. The FGLS(Parks) estimator has been a workhorse for the analysis of panel d...

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Veröffentlicht in:	Economics. The open-access, open-assessment e-journal open-assessment e-journal, 2020-02, Vol.14 (4), p.1-18
Hauptverfasser:	Moundigbaye, Mantobaye, Messemer, Clarisse, Parks, Richard W, Reed, W Robert
Format:	Artikel
Sprache:	eng
Schlagworte:	Accuracy Bias Bootstrap method Confidence intervals Datasets Efficiency Estimates Hypotheses Hypothesis testing Panel data Parks & recreation areas Random variables
Online-Zugang:	Volltext
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