Panel Data Analysis — Advantages and Challenges
نویسندگان
چکیده
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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Comments on: Panel Data Analysis—Advantages and Challenges
This paper provides an impressive, yet compact and easily accessible review of the econometric literature on panel data analysis. Professor Cheng Hsiao has succeeded in surveying, in a coherent manner, classic results as well as more challenging recent developments on nonlinear models, crosssectional dependence, and long time-series panels. The coverage of topics in the article reflects the bre...
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