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Panel data analysis—advantages and challenges

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  • Cheng Hsiao

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Abstract

We explain the proliferation of panel data studies in terms of (i) data availability, (ii) the more heightened capacity for modeling the complexity of human behavior than a single cross-section or time series data can possibly allow, and (iii) challenging methodology. Advantages and issues of panel data modeling are also discussed.

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File URL: http://hdl.handle.net/10.1007/s11749-007-0046-x
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Bibliographic Info

Article provided by Springer in its journal TEST.

Volume (Year): 16 (2007)
Issue (Month): 1 (May)
Pages: 1-22

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Handle: RePEc:spr:testjl:v:16:y:2007:i:1:p:1-22

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Related research

Keywords: Panel data; Longitudinal data; Unobserved heterogeneity; Random effects; Fixed effects; 62-02;

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References

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Citations

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Cited by:
  1. Marta Gómez-Puig & Simón Sosvilla-Rivero & María del Carmen Ramos-Herrera, 2014. "“An Update on EMU Sovereign Yield Spread Drivers in Times of Crisis: A Panel Data Analysis”," IREA Working Papers 201407, University of Barcelona, Research Institute of Applied Economics, revised Mar 2014.
  2. Kroes, James R. & Manikas, Andrew S., 2014. "Cash flow management and manufacturing firm financial performance: A longitudinal perspective," International Journal of Production Economics, Elsevier, vol. 148(C), pages 37-50.
  3. Lajos Horváth & Gregory Rice, 2014. "Extensions of some classical methods in change point analysis," TEST: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer, vol. 23(2), pages 219-255, June.
  4. Marco Grazzi, 2009. "Trade and Profitability: Is there an export premium? Evidence from Italian manufacturing firms," LEM Papers Series 2009/16, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  5. Hunter, John & Wu, Feng, 2014. "Multifactor consumption based asset pricing models using the US stock market as a reference: Evidence from a panel of developed economies," Economic Modelling, Elsevier, vol. 36(C), pages 557-565.
  6. Marco Grazzi, 2012. "Export and Firm Performance: Evidence on Productivity and Profitability of Italian Companies," Journal of Industry, Competition and Trade, Springer, vol. 12(4), pages 413-444, December.
  7. Vassiliki Avgerinou & Stefanos Giakoumatos, 2009. "Price, Income & Unemployment Effects on Greek Professional Football," Working Papers 0907, International Association of Sports Economists & North American Association of Sports Economists.
  8. Elissaios Papyrakis, 2013. "Environmental Performance in Socially Fragmented Countries," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 55(1), pages 119-140, May.
  9. Gopal V. Krishnan & Wei Yu, 2011. "Further evidence on knowledge spillover and the joint determination of audit and non-audit fees," Managerial Auditing Journal, Emerald Group Publishing, vol. 26(3), pages 230-247, March.
  10. Zhu, Hui-Ming & You, Wan-Hai & Zeng, Zhao-fa, 2012. "Urbanization and CO2 emissions: A semi-parametric panel data analysis," Economics Letters, Elsevier, vol. 117(3), pages 848-850.

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