Construct · 1 fields · 2 citations

panel: a standalone construct

One name. One construct. A landmark on the map.

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panel1 CONSTRUCTPanel dataBALESTRA · PANEL DATA

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Econometrics

Repeated observations on the same units over time

A body of data in which the same units, such as households, firms, or countries, are observed repeatedly across several time periods, combining the cross-sectional and time dimensions in one dataset. Balestra and Nerlove's 1966 Pooling cross section and time series data in the estimation of a dynamic model built one of the first econometric models for such pooled data, and Hsiao's 2007 review set out the advantages, such as controlling for unobserved differences between units, and the difficulties of estimating from them. Here the panel is a structure of numbers indexed by unit and by time, described by its count of units and time periods, and it is unrelated to a wooden painting support or a group of jurors.[1][2]

Unit
One dataset of N units each observed over T time periods, indexed by unit and by period
Recovery means
Not applicable
Measured by
Assembled from repeated observations on the same units and analysed with panel estimators such as fixed and random effects

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Nearby constructs

sample3 fields · 3 citationsjingle · one word, three constructscohort3 fields · 3 citationsjingle · one word, three constructswave3 fields · 4 citationsjingle · one word, three constructs

References

  1. Balestra, P., & Nerlove, M. (1966). Pooling cross section and time series data in the estimation of a dynamic model: The demand for natural gas. Econometrica, 34(3), 585–612. https://doi.org/10.2307/1909771
  2. Hsiao, C. (2007). Panel data analysis: Advantages and challenges. TEST, 16(1), 1–22. https://doi.org/10.1007/s11749-007-0046-x

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