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फूरियर अरेलानो-बॉन्ड GMM×गत्यात्मक पैनल डेटा मॉडल×
क्षेत्रअर्थमितिअर्थमिति
परिवारRegression modelRegression model
उद्भव वर्ष2010s1988–1991
प्रवर्तकExtension of Arellano & Bond (1991) with Fourier flexible form augmentationArellano & Bond (1991); Holtz-Eakin, Newey & Rosen (1988)
प्रकारDynamic panel GMM estimator with smooth structural break accommodationDynamic regression / GMM estimation
मौलिक स्रोतArellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. Review of Economic Studies, 58(2), 277-297. DOI ↗Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. Review of Economic Studies, 58(2), 277–297. DOI ↗
उपनामFourier AB-GMM, Fourier first-differenced GMM, Fourier dynamic panel GMM, Fourier-extended Arellano-Bond estimatordynamic panel model, panel data model with lagged dependent variable, DPD model, Arellano-Bond model
संबंधित25
सारांशFourier Arellano-Bond GMM is a dynamic panel estimator that augments the classic Arellano-Bond first-differenced GMM framework with Fourier trigonometric terms to capture smooth, gradual structural breaks in the time dimension. It handles endogeneity through lagged-level instruments while remaining robust to unknown nonlinear trends that standard difference GMM ignores.The dynamic panel data model extends standard panel regression by including a lagged value of the outcome variable as a regressor, capturing persistence and adjustment dynamics. Because the lagged dependent variable is correlated with the unit-specific fixed effect, ordinary OLS or within estimators are biased; GMM-based methods using internal instruments are the standard remedy.
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