Fixed Effects Models

László Balázsi, László Mátyás*, Tom Wansbeek

*Corresponding author for this work

    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 and Within 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 publicationThe Econometrics of Multi-dimensional Panels
    EditorsLaszlo Matyas
    PublisherSpringer Science and Business Media Deutschland GmbH
    Pages1-37
    Number of pages37
    ISBN (Print)978-3-031-49848-0
    DOIs
    StatePublished - 1 Jan 2024

    Publication series

    NameAdvanced Studies in Theoretical and Applied Econometrics
    Volume54
    ISSN (Print)1570-5811
    ISSN (Electronic)2214-7977

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