THE APPROXIMATE MOMENTS OF THE LEAST SQUARES ESTIMATOR FOR THE STATIONARY AUTOREGRESSIVE MODEL UNDER A GENERAL ERROR DISTRIBUTION

B-Tier
Journal: Econometric Theory
Year: 2007
Volume: 23
Issue: 5
Pages: 1013-1021

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

I derive the approximate bias and mean squared error of the least squares estimator of the autoregressive coefficient in a stationary first-order dynamic regression model, with or without an intercept, under a general error distribution. It is shown that the effects of nonnormality on the approximate moments of the least squares estimator come into play through the skewness and kurtosis coefficients of the nonnormal error distribution.The author is grateful to the co-editor Paolo Paruolo and two anonymous referees for helpful comments. The author is solely responsible for any remaining errors.

Technical Details

RePEc Handle
repec:cup:etheor:v:23:y:2007:i:05:p:1013-1021_07
Journal Field
Econometrics
Author Count
1
Added to Database
2026-01-24