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 | 1.6579 | 1.9025 | 1.6470 | 1.9059 | 1.9776 | 2.0098 | 2.0187 | 2.4161 | 2.4188 | 2.9825 | 2.9221 | 3.0020 | 3.1702 | 3.3567 | 3.1140 |
2SLS | 0.3690 | 0.1682 | 0.4918 | 0.3966 | 0.2366 | 0.2479 | 0.2227 | 0.2303 | 0.2406 | 0.3240 | 0.4417 | 0.4831 | 0.3314 | 0.3253 | 0.3349 |
GMM | 0.0504 | 0.0428 | 0.0446 | 0.0699 | 0.0712 | 0.068 | 0.0768 | 0.0987 | 0.2273 | 0.1809 | 0.1067 | 0.1025 | 0.3877 | 0.3196 | 0.3419 |
0.02 | |||||||||||||||
OLS | 1.5042 | 1.7090 | 1.7734 | 1.4961 | 1.6134 | 1.6681 | 1.9249 | 1.9868 | 2.0353 | 2.8131 | 2.6152 | 2.7216 | 2.3445 | 2.312 | 2.3775 |
2SLS | 0.3328 | 0.3041 | 0.1320 | 0.3469 | 0.3641 | 0.3398 | 0.3773 | 0.3607 | 0.4258 | 0.4021 | 0.3588 | 0.3922 | 0.3263 | 0.3373 | 0.3466 |
GMM | 0.0537 | 0.0631 | 0.0723 | 0.0645 | 0.0680 | 0.0640 | 0.0602 | 0.0496 | 0.0393 | 0.0676 | 0.0840 | 0.0966 | 0.1081 | 0.1615 | 0.1655 |
0.05 | |||||||||||||||
OLS | 1.2155 | 1.2667 | 1.4062 | 1.2258 | 1.2399 | 1.5181 | 2.2648 | 1.7733 | 1.8932 | 2.6274 | 2.1481 | 2.1705 | 2.5419 | 2.5595 | 2.5677 |
2SLS | 0.1431 | 0.1330 | 0.1423 | 0.1719 | 0.1007 | 0.1045 | 0.2539 | 0.2378 | 0.2552 | 0.2536 | 0.0404 | 0.3590 | 0.0612 | 0.3596 | 0.3845 |
GMM | 0.0726 | 0.0808 | 0.0788 | 0.0849 | 0.1017 | 0.1051 | 0.0862 | 0.0645 | 0.0717 | 0.1413 | 0.0897 | 0.0843 | 0.1470 | 0.1547 | 0.1739 |