Panel data analysis—advantages and challenges

TEST - Tập 16 - Trang 1-22 - 2007
Cheng Hsiao1,2
1Department of Economics, University of Southern California, Los Angeles, USA
2Wang Yanan Institute for Studies in Economics, Xiamen University, Xiamen, China

Tóm tắt

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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