A number of advances have taken place in panel data analysis during the pastthree decades and it continues to be one of the most active areas of research. This volume contains 13 significant contributions focusing on modelling strategies, data issues, theoretical analysis and applications. Applied econometrics papers on the economics of labor, health, telecommunications, finance and macroeconomics are provided as well as a survey of recent theoretical developments in panal data analysis. Contributors include both well known scholars and younger researchers from Australia, Canada, Europe and the United States of America.

Autorentext
Badi H. Baltagi is distinguished Professor of Economics, and Senior Research Associate at the Center for Policy Research, Syracuse University. He received his Ph.D. in Economics at the University of Pennsylvania in 1979. Before joining Syracuse University, he served on the faculty at the University of Houston and Texas University. He is a fellow of the Journal of Econometrics and a recipient of the Multa and Plura Scripsit Awards from Econometric Theory.

Inhalt
and Overview.- I Data and Modelling Strategies.- Can Cohort Data Be Treated as Genuine Panel Data?.- Estimating Time-Dependent Means in Dynamic Models for Cross-Sections of Time Series.- Using Panel Data to Estimate Risk Effects in Seemingly Unrelated Production Functions.- II Theoretical Results.- The Bias of some Estimators for Panel Data Models with Measurement Errors.- Models for Which the MLE and the Conditional MLE Coincide.- Exact Equivalence of Instrumental Variable Estimators in an Error Component Structural System.- A Survey of Recent Theoretical Developments in the Econometrics of Panel Data.- III Applications.- a) Models of Dividend Behavior, Long-Distance Calling and Freestanding Health Centres.- Estimation and Specification Analysis of Models of Dividend Behavior Based on Censored Panel Data.- Econometric Modelling of Canadian Long Distance Calling: A Comparison of Aggregate Time Series Versus Point-to-Point Panel Data Approaches.- A Panel Data Analysis of Productive Efficiency in Freestanding Health Clinics.- b) Applied Labor Studies.- Heterogeneous Labor and the Dynamics of Aggregate Labor Demand: Some Estimations Using Panel Data.- How Fragile are Male Labor Supply Function Estimates?.- c) Studies of Unemployment Compensation and Direct Foreign Investment.- Unemployment Compensation and Episodes of Nonemployment.- A Random Coefficient Simultaneous Equation System with an Application to Direct Foreign Investment by French Firms.