Pooled estimators vs their heterogeneous counterparts in the context of dynamic demand for gasoline

被引:139
作者
Baltagi, BH
Griffin, JM
机构
[1] Department of Economics, Texas A and M University, College Station
关键词
panel data; gasoline demand; error components; shrinkage estimators;
D O I
10.1016/S0304-4076(96)01802-7
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper utilizes an international panel data set and a dynamic demand specification for gasoline to compare the performance of homogeneous and heterogeneous parameter estimators. In addition to comparing the plausibility of the various estimates, a forecast performance comparison is performed to examine differences in predictions over one-, five-, and ten-year horizons.
引用
收藏
页码:303 / 327
页数:25
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