A semiparametric quantile panel data model with an application to estimating the growth effect of FDI
半参数分位数面板模型及外商直接投资增长效应应用
This paper estimates the impact of foreign direct investment on economic growth by proposing a new semiparametric quantile panel data model with correlated random effects, in which some of the coefficients are allowed to depend on some smooth economic variables while other coefficients remain constant. A three-stage estimation procedure is proposed to estimate both constant and functional coefficients and their asymptotic properties are investigated. A simple and easily…