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 journalArticlepeer-review

43 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 languageEnglish (US)
Pages (from-to)795-811
Number of pages17
JournalEmpirical Economics
Volume28
Issue number4
DOIs
StatePublished - Nov 2003

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

Fingerprint Dive into the research topics of 'Homogeneous, heterogeneous or shrinkage estimators? Some empirical evidence from French regional gasoline consumption'. Together they form a unique fingerprint.

Cite this