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Panel Data Analysis - Advantages and Challenges

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Author Info
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://www.usc.edu/dept/LAS/economics/IEPR/Working%20Papers/IEPR_06.49_%5BHsiao%5D.pdf
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File Function: First version, 2006
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Publisher Info
Paper provided by Institute of Economic Policy Research (IEPR) in its series IEPR Working Papers with number 06.49.

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Length: 31 pages
Date of creation: May 2006
Date of revision:
Handle: RePEc:scp:wpaper:06-49

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Related research
Keywords: Panel data; Longitudinal data; Unobserved heterogeneity; Random effects; Fixed effects;

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  11. Davis, Peter, 2002. "Estimating multi-way error components models with unbalanced data structures," Journal of Econometrics, Elsevier, vol. 106(1), pages 67-95, January. [Downloadable!] (restricted)
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  16. Ahn, Seung C. & Schmidt, Peter, 1995. "Efficient estimation of models for dynamic panel data," Journal of Econometrics, Elsevier, vol. 68(1), pages 5-27, July. [Downloadable!] (restricted)
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