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I have been asked by reviewer to conduct model misspecification test while i am using system GMM technique. I never saw such sort of test in any paper where GMM is used. Guidance is requested, please.
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I am interested to know about the difference between 1st and 2nd and 3rd generation panel data techniques.....
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Usually we use the two terms interchangeably in our articles but whether is there any technical difference between them?
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