st: Interpreting Arellano and Bond's coefficients in terms of growth?

[agostino@unical.it]

Dear all,
I am estimating a dynamic panel model by the Arellano and Bond  
estimator  (using xtabond2).I consider one lagged dependent variable.
Since my dependent variable is in log form (lnY) may I interpret the  
coefficient of my regressors (X) as "effects" in terms of growth?  
(e.g. a one
unit change in RHS variable X1 is estimated to produce a .03 unit  
change in lnY, may I say that it corresponds to a three percent  
increase of Y over the prior year)?
Thank you very much for your help
Maria



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