Homogeneous, heterogeneous or shrinkage estimators? Some empirical evidence from French regional gasoline consumption

Badi H. Baltagi; Georges Bresson; James M. Griffin; Alain Pirotte

doi:10.1007/s00181-003-0161-9

Homogeneous, heterogeneous or shrinkage estimators? Some empirical evidence from French regional gasoline consumption

Badi H. Baltagi, Georges Bresson, James M. Griffin, Alain Pirotte

Research output: Contribution to journal › Article › peer-review

51 Scopus citations

Abstract

This paper contrasts the performance of heterogeneous and shrinkage estimators versus the more traditional homogeneous panel data estimators. The analysis utilizes a panel data set from 21 French regions over the period 1973-1998 and a dynamic demand specification to study the gasoline demand in France. Out-of-sample forecast performance as well as the plausibility of the various estimators are contrasted.

Original language	English (US)
Pages (from-to)	795-811
Number of pages	17
Journal	Empirical Economics
Volume	28
Issue number	4
DOIs	https://doi.org/10.1007/s00181-003-0161-9
State	Published - Nov 2003
Externally published	Yes

Keywords

Error components
French gasoline demand
Heterogeneous estimators
Panel data
Shrinkage estimators

ASJC Scopus subject areas

Statistics and Probability
Mathematics (miscellaneous)
Social Sciences (miscellaneous)
Economics and Econometrics

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10.1007/s00181-003-0161-9

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abstract = "This paper contrasts the performance of heterogeneous and shrinkage estimators versus the more traditional homogeneous panel data estimators. The analysis utilizes a panel data set from 21 French regions over the period 1973-1998 and a dynamic demand specification to study the gasoline demand in France. Out-of-sample forecast performance as well as the plausibility of the various estimators are contrasted.",

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KW - Heterogeneous estimators

KW - Panel data

KW - Shrinkage estimators

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Homogeneous, heterogeneous or shrinkage estimators? Some empirical evidence from French regional gasoline consumption

Abstract

Keywords

ASJC Scopus subject areas

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