chapter_1
DESCRIPTION
Panel econometricsTRANSCRIPT
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Panel Econometrics
Lecture 1: Introduction
Prof. Dr. Kai Carstensen
Christian Albrechts University Kiel
Summer Term 2014
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Reading List
Badi H. Baltagi (2008), Econometric Analysis of Panel Data, Wiley, 4. Edition,
Introduction.
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Why panel data? (And not pure cross sections or time series?)
Controlling for individual heterogeneity
Using more information, more degrees of freedom
Modeling dynamics
Identifying otherwise non-detectable effects
Avoiding aggregation biases
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Limitations of panel data
Data collection problems (coverage, collection costs, interview spacing etc.)
Measurement errors (is a general survey problem, i.e., applies also to single cross
sectional surveys)
Selectivity (self-selectivity, nonresponse, attrition)
Micro panels: often short time series dimension
Macro panels: cross-section dependence
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Types of panel data
Longitudinal data: ‘short panels’
Cross section time series: ‘long panels’
Firm data sets: ‘huge panels’
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Types of panel data
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Types of panel data
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Types of panel data
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Types of panel data
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Types of panel data
Longitudinal data: ‘short panels’
Cross section time series: ‘long panels’
Firm data sets: ‘huge panels’
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Types of panel data
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Types of panel data
Longitudinal data: ‘short panels’
Cross section time series: ‘long panels’
Firm data sets: ‘huge panels’
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Types of panel data
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Types of panel data
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