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Econometric Analysis of Panel Data Applied to Household Characteristics
[Ekonometrická analýza panelových dat s aplikací na vybavenost domácností]

Author

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  • Zuzana Fíglová

Abstract

Panel data are specific data where cases are observed at two or more time periods. This approach brings many advantages: larger dataset, decreasing collinearity between exogenous variables and using advanced econometric models. The panel data models were applied to data from the Household Budget Surveys 2000-2004 carried out by the Czech Statistical Office in order to analyze choice behavior of households. The data on households included demographic characteristics of individuals, housing, household amenities, net income, and opinions of households about their own socioeconomic situation. We analyzed the role of income as a determinant of PC ownership and its development through the observed period by using three static econometric models with panel data.

Suggested Citation

  • Zuzana Fíglová, 2007. "Econometric Analysis of Panel Data Applied to Household Characteristics [Ekonometrická analýza panelových dat s aplikací na vybavenost domácností]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2007(1), pages 13-19.
    • Handle: RePEc:prg:jnlaop:v:2007:y:2007:i:1:id:32:p:13-19
    DOI: 10.18267/j.aop.32
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    References listed on IDEAS

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    1. G. S. Maddala, 1987. "Limited Dependent Variable Models Using Panel Data," Journal of Human Resources, University of Wisconsin Press, vol. 22(3), pages 307-338.
    2. Gary Chamberlain, 1980. "Analysis of Covariance with Qualitative Data," Review of Economic Studies, Oxford University Press, vol. 47(1), pages 225-238.
    3. Manski, Charles F., 1975. "Maximum score estimation of the stochastic utility model of choice," Journal of Econometrics, Elsevier, vol. 3(3), pages 205-228, August.
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    More about this item

    Keywords

    binary choice model; panel data; household budget survey; durable goods;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities

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