Glossary

Correlated Random Effects (CRE)

An econometric specification (Mundlak model) that augments random effects with firm-level means of time-varying regressors to produce fixed-effects-consistent slopes while retaining time-invariant variables.

Source: Digital Infrastructure Integration and Capital-Market Resilience in a Frontier Exchange: A Longitudinal Panel and Coefficient-Decomposition Analysis of the Nairobi Securities Exchange (Academic research) · p.7

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