Baltagi, Badi H.; Griffin, James M.; Xiong, Weiwen - In: The Review of Economics and Statistics 82 (2000) 1, pp. 117-126
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...