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On the Relationship between Estimate and Its <i>t</i> Value
Graduate School of Economics, Kobe University, Kobe, Japan
Faculty of Economics, Kobe University, Kobe, Japan
- 1 Graduate School of Economics, Kobe University, Kobe, Japan
- 2 Faculty of Economics, Kobe University, Kobe, Japan
Theoretical Economics Letters·Volume 05 (2015)·Pages 1–3·Published 13 January 2015·DOI10.4236/tel.2015.51001
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Abstract
It is generally believed that the signs of the estimated coefficient and its t value should be the same. This paper, however, shows that there may be an inconsistency in the signs of the estimated coefficient and its t value when we use the group mean dynamic OLS estimator developed by Pedroni (2001).
Keywordst ValueGroup Mean Dynamic OLS EstimatorPanel Data
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