Econometric Analysis of Panel Data [Paperback]

Badi H. Baltagi (Author)

Book Description

Publication Date: October 31, 2001 | ISBN-10: 0471499374 | ISBN-13: 978-0471499374 | Edition: Second Edition

This new edition of this established textbook reflects the rapid developments in the field covering the vast research that has been conducted on panel data since its initial publication. The book is packed with the most recent empirical examples from panel data literature and includes new data sets. The use of the standard software packages in the field i.e. STATA, LIMDEP, TSP & SAS are illustrated with new examples. The text has also been fully updated with new material on: non-stationary models, unit roots in panels and cointegration, prediction in panels, serial correlation, heteroskedasticity, and new results on GMM in dynamic panel data models. There is also website providing supplementary material for lecturers.

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

This substantially revised second edition of the leading graduate textbook on panel data provides a reworked coverage of panel data techniques from a key author in this field. Updated topics include dynamic panels, limited dependent variable panel data models, spatial panels, GMM estimation, prediction in panels, serial correlation, heteroskedasticity, nested error component models, pseudo-panels, rotating panels, unbalanced panels and heterogeneous dynamic panels.

New material has been added to include:
* nonstationary panels with illustrations of their applications in economics including unit roots in panels and cointegration in panels

* spatial panel data models

* web site addresses for panel data sources

* recent empirical studies and worked examples using standard software
Packed with additional exercises, which can be assigned for classroom use, the author proceeds from single equation methods to simultaneous equation methods, making this text entirely accessible to graduate students.

A review of the first edition of Econometric Analysis of Panel Data

"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 - State University of New York, Albany, USA

See all Editorial Reviews

Product Details

• Paperback: 304 pages
• Publisher: John Wiley & Sons; Second Edition edition (October 31, 2001)
• Language: English
• ISBN-10: 0471499374
• ISBN-13: 978-0471499374
• Product Dimensions: 9.6 x 6.7 x 0.7 inches
• Shipping Weight: 1.1 pounds
• Average Customer Review: 2.3 out of 5 stars  See all reviews (7 customer reviews)
• Amazon Best Sellers Rank: #2,815,671 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.