[Limdep Nlogit List] FEM Hetero is BLUE but not consistent; what is the t-statistic?

[Laurence Lester]

It the one or two-way FEM panel model the estimated fixed effect (hetero
alpha) is BLUE (Hsaio 1986) but inconsistent because
Time (waves) does not go to infinity but is fixed. LIMDEP provides a
t-statistic for the alphas; is LIMDEP assuming T is large enough for
asymptotic consistency, so that if T is small (<5) the t-statistic is
unreliable?

Thanks 

Laurence Lester 
National Institute of Labour Studies 
Flinders University, SA 
Ph: (08) 8201 2002 
Email:  <mailto:Laurence.lester at flinders.edu.au>
Laurence.lester at flinders.edu.au 
Mail: GPO Box 2100, Adelaide, SA 50001