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Review"Cheng Hsiao has made many significant and important contributions to panel data econometrics, both methodological and applied, beginning with his 1972 dissertation, in numerous articles, and in his masterful and magisterial 1986 monograph, long a standard reference and popular graduate text. (cont.)Not only has Hsiao significantly revised the material covered in his original monograph, he has added major new chapters on nonlinear panel models of discrete choice and sample selection, and included new material on the Bayesian treatment of models with fixed and random coefficients, pseudopanels, simulation methods of estimation, and more extensive treatment of dynamic models. Throughout, Hsiao provides applied examples, which greatly enhance the reader's understanding and intuition. The clarity of his exposition and organization is exemplary. All of us who work in the field of panel data econometrics have been, and will now more than ever continue to be in Hsiao's debt. Marc Nerlove, University of Maryland"The literature on panel data modeling has seen unprecendented growth over the past decade and Cheng Hsiao, himself one of the leading contributors to this literature, is to be congratulated for providing us with a comprehensive and timely update of his classic text. This version not only presents a substantial revision of the 1986 edition, but also offers major additions covering non-linear panel data models dealing with useful overviews of unit root and cointegration in dynamic heterogeneous panels. It should prove invaluable to students and teachers of advanced undergraduate and graduate economic courses. Hashem Perasan, Trinity College, Cambridge"The first edition of Analysis of Panel Data by Cheng Hsiao has been necessary reading and a landmark for 15 years. The revised and much expanded second edition splendidly integrates the important new developments in the field. One can be sure it will stay a landmark for 15 years to come. Jacques Mairesse, ENSAE, France"Cheng Hsiao has done a great service to the profession by expanding his highly successful first edition to include the important results that have been obtained by him and other researchers since the publication of the first edition. Escpecially noteworthy in this edition is the application of panel data analysis to qualitative response and sample selection models. Cheng has admirably succeeded in presenting the mathematical results both rigorously and lucidly. Many theoretical results are illustrated by interesting empirical examples. This edition should prove to be an extremely useful reference for the experts in the field as well as graduate students. Takeshi Amemiya, Stanford UniversityBook DescriptionPanel data models have become increasingly popular among applied researchers due to their heightened capacity for capturing the complexity of human behavior, as compared to cross-sectional or time series data models. This second edition represents a substantial revision of the highly successful first edition (1986). Recent advances in panel data research are presented in an accessible manner and are carefully integrated with the older material. The thorough discussion of theory and the judicious use of empirical examples make this book useful to graduate students and advanced researchers in economics, business, sociology and political science.

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  • Author: Hsiao C.
  • Year: 2003
  • Language: English
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  • File size: 3 555 639
  • Format: djvu


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