Panel Data Analysis - Advantages and Challenges

Cheng Hsiao

No 06.49, IEPR Working Papers from Institute of Economic Policy Research (IEPR)

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.

Keywords: Panel data; Longitudinal data; Unobserved heterogeneity; Random effects; Fixed effects (search for similar items in EconPapers)
Pages: 31 pages
Date: 2006-05
New Economics Papers: this item is included in nep-cba and nep-ecm
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Citations: View citations in EconPapers (29)

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Related works:
Working Paper: Panel Data Analysis - Advantages and Challenges (2013)
Journal Article: Panel data analysis—advantages and challenges (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:scp:wpaper:06-49

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