Econometric Analysis of Panel Data [Paperback]

Badi H. Baltagi (Author)

Book Description

Publication Date: July 1, 2008 | ISBN-10: 0470518863 | ISBN-13: 978-0470518861 | Edition: 4

Written by one of the world's leading researchers and writers in the field, Econometric Analysis of Panel Data has become established as the leading textbook for postgraduate courses in panel data.  This new edition reflects the rapid developments in the field covering the vast research that has been conducted on panel data since its initial publication. Featuring the most recent empirical examples from panel data literature, data sets are also provided as well as the programs to implement the estimation and testing procedures described in the book.  These programs will be made available via an accompanying website which will also contain solutions to end of chapter exercises that will appear in the book.

The text has been fully updated with new material on dynamic panel data models and recent results on non-linear panel models and in particular work on limited dependent variables panel data models.  

Editorial Reviews

Review

"This is a definitive book written by one of the architects of modern panel data econometrics. It provides both a practical introduction to the subject matter, as well as a thorough discussion of the underlying statistical principles without taxing the reader too greatly. Since it's first publication in 1995, it has quickly become a standard accompanying text in advanced econometrics courses around the world, and a major reference for researchers doing empirical work with longitudinal data."
—Professor Kajal Lahiri, State University of New York, Albany, USA. --This text refers to an out of print or unavailable edition of this title.

From the Back Cover

Praise for Econometric Analysis of Panel Data, 4th Edition

"This is a definitive book written by one of the architects of modern panel data econometrics. It provides both a practical introduction to the subject matter, as well as a thorough discussion of the underlying statistical principles without taxing the reader too greatly. Since its first publication in 1995, it has quickly become a standard accompanying text in advanced econometrics courses around the world, and a major reference for researchers doing empirical work with longitudinal data."
—Professor Kajal Lahiri

"Econometric Analysis of Panel Data is a classic in its field, used by researches and graduate students throughout the world. In this new edition, Professor Baltagi has incorporated extensive new material, reflecting recent advances in the panel data literature in areas such as dynamic (including non-stationary) and limited dependent variable panel data models. It is an invaluable read for anyone interested in panel data."
—Professor Gary Koop

"Panel data econometrics is in its ascendancy, combining the power of cross section averaging with all the subtleties of temporal and spatial dependence. Badi Baltagi provides a remarkable roadmap of this fascinating interface of econometric method, enticing the novitiate with technical gentleness, the expert with comprehensive coverage and the practitioner with many empirical applications."
—Professor Peter C.B. Phillips

"This book is the most comprehensive work available on panel data. It is written by one of the leading contributors to the field, and is notable for its encyclopedic coverage and its clarity of exposition. It is useful to theorists and to people doing applied work using panel data. It is valuable as a text for a course in panel data, as a supplementary text for more general courses in econometrics, and as a reference."
—Professor Peter Schmidt

"In this new edition Baltagi covers many of he recent developments in the literature on econometric analysis of panel data models. it is aimed at graduate students but many of its introductory chapters cold also be helpful to advanced undergraduates and applied researchers across many disciplines including economics, finance, sociology, and politics. Baltagi has a gift of explaining difficult concepts and ideas in a simple language, accessible to researchers and students alike. It is a timely and welcome addition to a growing literature."
—Professor M. Hashem Pesaran

Supplementary materials are available on the accompanying
website:www.wileyeurope.com/college/baltagi

See all Editorial Reviews

Product Details

• Paperback: 366 pages
• Publisher: Wiley; 4 edition (July 1, 2008)
• Language: English
• ISBN-10: 0470518863
• ISBN-13: 978-0470518861
• Product Dimensions: 6.7 x 0.9 x 9.6 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 2.3 out of 5 stars  See all reviews (7 customer reviews)
• Amazon Best Sellers Rank: #699,975 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

17 of 18 people found the following review helpful:

3.0 out of 5 stars It is not so bad after all, August 31, 2000

By 

MarcAntonius (Konstanz, Germany) - See all my reviews

This review is from: Econometric Analysis of Panel Data (Paperback)

The review posted by the anonymous reader from CT seems a little too harsh to me. The book offers a decent overview over many interesting areas of panel data. In particular, one and two way error components are discussed, one chapter is devoted to hypotheses testing, heteroscedasticity and serial correlation and dynamic panel data models respectively. However it is true, that the authour does not provide much help to understand the literature which is just reproduced (often word by word from the papers!). The book is not recommended to someone who wants to read about Panel Data but doesn't have a lot of knowledge about the subject yet.

22 of 27 people found the following review helpful:

1.0 out of 5 stars Still no acceptable book about Panel Data, August 29, 2000

By A Customer

This review is from: Econometric Analysis of Panel Data (Paperback)

To say that this book is scandalous would only be a mere exaggeration. Instead of clarifying the literature on Panel Data, the author just sums up some papers (often citing them word by word; why bother then buying a book? Just copy the articles!) without adding any value to them. Even worse, while summarizing, the essence of the papers often goes missing. The only value of the book consists of a quite complete reference list of the literature up to 1994. (However, the list is of course a little biased in favor of the author. He mentions every minuscule and unimportant publication of himself. One could almost get the impression that he contributed to Panel Data) Expecting a book that provides the main ideas and clarifies them together with a clear notation and proofs of the result, I was very disappointed with Badi Baltagi's book! Not recommended at all! (Unfortunately there is no alternative I know of!)

14 of 17 people found the following review helpful:

2.0 out of 5 stars Basically flawed, August 11, 2004

By 

P. Stevens "Philip Stevens" (London) - See all my reviews
(REAL NAME)   

This review is from: Econometric Analysis of Panel Data (Paperback)

I have not read the second edition of this book, but my experience of the first edition when reading for my economics doctorate was that it was not an easy book to use. In particular, it had a rather ideosyncratic view of the literature. Certainly, it is curious that there are two pages of references to the Author's work and less that one of Maddala, Arrelano, Bond, Pesaran and Smith combined.

I found that "Analysis of Panel Data" by Cheng Hsiao combined with a few choice papers was a more useful strategy. The first edition of Hsiao has been a classic since it was released in the mid eighties and dispite it being an Econometric Society monograph, is much clearer and easier to understand. It has now been updated to include dynamic and discrete response models and will, I believe, remain the classic Panel Data text for years to come, although I have not read Arellano's book.