3 papers
econ.EM2026
Causal Inference Using Factor Models
Jushan Bai, Peng Wang
We develop a factor-model framework for causal inference in panels with policy interventions. Treatment effects are represented as structural changes in treated units' exposure to…
econ.EM2025
Global identification of dynamic panel models with interactive effects
Jushan Bai, Pablo Mones
We investigate the problem of global identification in dynamic panel models with interactive effects, in the large-N, fixed-T setting. While local identification, typically establi…
econ.EM2023
Efficiency of QMLE for dynamic panel data models with interactive effects
Jushan Bai
This paper studies the problem of efficient estimation of panel data models in the presence of an increasing number of incidental parameters. We formulate the dynamic panel as a si…