Panel Data Econometrics: Common Factor Analysis for Empirical Researchers

In the last 20 years, econometric theory on panel data has developed rapidly, particularly for analyzing common behaviors among individuals over time. Meanwhile, the statistical methods employed by applied researchers have not kept up-to-date. This book attempts to fill in this gap by teaching researchers how to use the latest panel estimation methods correctly.

Almost all applied economics articles use panel data or panel regressions. However, many empirical results from typical panel data ...