N | 10 | 15 | 25 | 50 | 100 | ||||||||||
ρ | 0.4 | 0.8 | 0.9 | 0.4 | 0.8 | 0.9 | 0.4 | 0.8 | 0.9 | 0.4 | 0.8 | 0.9 | 0.4 | 0.8 | 0.9 |
0.01 | |||||||||||||||
OLS | 0.5509 | 0.5425 | 0.5421 | 0.5009 | 0.5300 | 0.5366 | 0.5600 | 0.5548 | 0.5326 | 0.5701 | 0.6015 | 0.6148 | 0.4599 | 0.4713 | 0.5012 |
2SLS | 0.5914 | 0.3865 | 0.6881 | 0.5899 | 0.4228 | 0.3302 | 0.4210 | 0.4032 | 0.4125 | 0.5953 | 0.5815 | 0.4925 | 0.4259 | 0.4013 | 0.4259 |
GMM | −0.3255 | −0.3995 | −0.3181 | −0.3302 | −0.3452 | −0.3502 | −0.1125 | −0.1225 | −0.1325 | −0.1802 | −0.2033 | −0.3863 | −0.4325 | −0.4222 | −0.4312 |
0.02 | |||||||||||||||
OLS | 0.6021 | 0.7025 | 0.7199 | 0.6105 | 0.5925 | 0.6054 | 0.6012 | 0.6201 | 0.6302 | 0.6352 | 0.6023 | 0.5856 | 0.4268 | 0.4329 | 0.4316 |
2SLS | 0.5548 | 0.5602 | 0.5599 | 0.5662 | 0.4089 | 0.5006 | 0.4896 | 0.4712 | 0.4023 | 0.4412 | 0.4124 | 0.4123 | 0.4132 | 0.4099 | 0.4012 |
GMM | −0.132 | −0.1502 | −0.1635 | −0.3425 | −0.2329 | −0.3254 | −0.4526 | −0.4625 | 0.4025 | −0.3206 | −0.4025 | −0.3123 | −0.432 | −0.4513 | −0.4368 |
0.05 | |||||||||||||||
OLS | 0.3588 | 0.3682 | 0.3005 | 0.4502 | 0.4402 | 0.4369 | 0.3725 | 0.4012 | 0.4201 | 0.4399 | 0.4612 | 0.4512 | 0.4802 | 0.4995 | 0.4756 |
2SLS | 0.3512 | 0.3316 | 0.3528 | 0.3856 | 0.3995 | 0.4025 | 0.3528 | 0.3836 | 0.4012 | 0.4113 | 0.4015 | 0.3956 | 0.3866 | 0.3715 | 0.3815 |
GMM | −0.1805 | −0.1785 | −0.1528 | −0.3915 | −0.3952 | −0.3159 | 0.2523 | 0.1206 | −0.2254 | −0.2235 | −0.2299 | −0.3355 | −0.3402 | −0.3271 | −031526 |