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베이지안 차분 GMM×차분 GMM (아렐라노-본 추정량)×
분야계량경제학계량경제학
계열Regression modelRegression model
기원 연도1991/20031991
창시자Arellano & Bond (1991) for Difference GMM; Chernozhukov & Hong (2003) for Bayesian GMM frameworkManuel Arellano and Stephen Bond
유형Dynamic panel estimator (Bayesian)GMM panel estimator
원전Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The 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 ↗
별칭Bayesian Arellano-Bond estimator, Bayesian difference GMM, quasi-Bayesian difference GMM, Bayesian first-difference GMMArellano-Bond estimator, AB-GMM, first-difference GMM, difference GMM estimator
관련55
요약Bayesian Difference GMM combines the Arellano-Bond first-differencing strategy for dynamic panel data with a Bayesian inference framework. By treating the GMM moment conditions as a quasi-likelihood and placing priors on parameters, the approach produces a full posterior distribution over coefficients rather than a single point estimate with asymptotic standard errors.Difference GMM, introduced by Arellano and Bond (1991), estimates dynamic panel data models by first-differencing the equation to remove fixed effects, then using lagged levels of the endogenous variables as GMM instruments. It is the standard approach when a lagged dependent variable or other endogenous regressors are present in a panel with many units and few time periods.
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