To pool or not to pool: Homogeneous versus heterogeneous estimators applied to cigarette demand

• 成果类型: Article; Proceedings Paper
• 署名作者: Baltagi, BH; Griffin, JM; Xiong, WW
• 署名单位: Texas A&M University System; Texas A&M University College Station
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/003465300558551
• 发表日期: 2000-02
• 页码: 117-126
• 关键词: dynamic panel-data; data models; gasoline; tests

摘要

This paper reexamines the benefits of pooling and, in addition, contrasts the performance of newly proposed heterogeneous estimators. The analysis utilizes a panel data set from 46 American states over the period 1963 to 1992 and a dynamic demand specification for cigarettes. Also, the forecast performance of the various estimators is compared.