Fixed effects models

Laszlo Balazsi, Laszlo Matyas, Tom Wansbeek

    Research output: Contribution to Book/Report typesChapterpeer-review

    Abstract (may include machine translation)

    In recent years the massive emergence of multi-dimensional panels has led to an increasing demand for more sophisticated model formulations with respect to the well known two-dimensional ones to address properly the additional heterogeneity in the data. This chapter deals with the most relevant three-dimensional fixed effects model specifications and derives appropriate Least Squares Dummy Variables andWithin estimators for them. The main results of the chapter are also generalized for unbalanced panels, cross-sectional dependence in the error terms, and higher dimensional data. Some thoughts on models with varying slope coefficients are also presented.

    Original languageEnglish
    Title of host publicationAdvanced Studies in Theoretical and Applied Econometrics
    PublisherSpringer
    Pages1-34
    Number of pages34
    DOIs
    StatePublished - 2017

    Publication series

    NameAdvanced Studies in Theoretical and Applied Econometrics
    Volume50
    ISSN (Print)1570-5811
    ISSN (Electronic)2214-7977

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