Second order bias of quasi-MLE for covariance structure models

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 114
Issue: 2
Pages: 195-197

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

For covariance structure models, the QMLE second-order bias is derived and compared with EL and GMM. Surprisingly, QMLE and EL have the same second-order bias if QMLE and GMM(EL) are equally first-order efficient. Other examples favoring QMLE are given.

Technical Details

RePEc Handle
repec:eee:ecolet:v:114:y:2012:i:2:p:195-197
Journal Field
General
Author Count
1
Added to Database
2026-01-29