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- Wed Apr 08, 2015 6:45 am
- Forum: Estimation
- Topic: Arellano/Bond panel GMM estimator
- Replies: 0
- Views: 1847
Arellano/Bond panel GMM estimator
Hi, I try to estimate a trivarite VECM by a panel one-step GMM estimator by Arellano/Bond. When following the Dynamic Panel wizard, I reiceive as a final message: "Number of instruments greater than number of observations" What could be the reasons for that? I included up to two lags and I...