Therefore, under homoskedasticity, the BWM-estimator may have clear advantages over OLS and this is the sort of results that has been used to advocate its use. However, the results obtained for h 6= 0 paint a very different picture
Therefore, under homoskedasticity, the BWM-estimator may have clear advantagesover OLS and this is the sort of results that has been used to advocate its use.However, the results obtained for h 6= 0 paint a very different picture