Hi All,
I'm using GMM DIFF(Arellano & Bond) to explore convergence in African
Stock Markets. Really, what keeps puzzling me is the how to specify my model with the
jargons of "overlapping intervals", "nonoverlapping intervals",
"end period intervals", I find in the literature. If this is the Autoregression
Order(as I infer), then how do I reconcile this inference with the results which reports
only one estimated coefficient for the lagged endogenous variable?. Could someone come to
my rescue?
Cheers
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