Panel Data Analysis (Second Edition)

Author: Xiao Zheng
Publisher:
Publish Date: 2005-09-01
Features: This book is a classic in the field of panel data analysis. It systematically introduces the fundamental theories of panel data, particularly its application in controlling unobserved individual or time biases to avoid specification errors and improve estimation efficiency. Moreover, the book uses cautious case studies of empirical research, making it highly useful for graduate students and researchers in economics, business, sociology, and political science. Building on the success of the 1986 edition, the second edition of this book incorporates rich revisions, integrating recent advancements in panel data research into the text in a rigorous yet readable manner. The special revisions of the second edition include: introducing Bayesian methods and the concept of strict exogeneity of estimators within the Generalized Method of Moments (GMM) framework, linking various model identifications; providing intuitive explanations for semiparametric methods for estimating discrete choice models; and introducing pairwise trimming methods for estimating panel sample selection models, among others.