To Pool Or Not To Pool: Homogeneous Versus Hetergeneous Estimations Applied to Cigarette Demand
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. © 2000 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology
Year of publication: |
2000
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Authors: | Baltagi, Badi H. ; Griffin, James M. ; Xiong, Weiwen |
Published in: |
The Review of Economics and Statistics. - MIT Press. - Vol. 82.2000, 1, p. 117-126
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Publisher: |
MIT Press |
Saved in:
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