Panel Data and Difference-in-Differences Estimation

B. H. Baltagi

doi:10.1016/B978-0-12-375678-7.00720-3

Panel Data and Difference-in-Differences Estimation

B. H. Baltagi

Department of Economics

Research output: Chapter in Book/Entry/Poem › Chapter

10 Scopus citations

Abstract

This article reviews some of the benefits and limitations of panel data. It also discusses fixed and random effects estimation and reviews some health economics applications that use these methods. Next, the difference-in-differences estimator, the Hausman test and the Hausman and Taylor estimation method are discussed and illustrated with empirical health applications. Dynamic panel data as well as limited dependent variable panel data models are discussed and once again illustrated with applications from health economics. This article ends by referring the reader to further extensions of these basic panel models and providing the appropriate references.

Original language	English (US)
Title of host publication	Encyclopedia of Health Economics
Publisher	Elsevier
Pages	425-433
Number of pages	9
ISBN (Electronic)	9780123756787
ISBN (Print)	9780123756794
DOIs	https://doi.org/10.1016/B978-0-12-375678-7.00720-3
State	Published - Jan 1 2014

Keywords

Difference-in-differences
Dynamic panels
Hausman test
Limited dependent variables
Panel data

ASJC Scopus subject areas

General Economics, Econometrics and Finance
General Business, Management and Accounting

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10.1016/B978-0-12-375678-7.00720-3

Cite this

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AB - This article reviews some of the benefits and limitations of panel data. It also discusses fixed and random effects estimation and reviews some health economics applications that use these methods. Next, the difference-in-differences estimator, the Hausman test and the Hausman and Taylor estimation method are discussed and illustrated with empirical health applications. Dynamic panel data as well as limited dependent variable panel data models are discussed and once again illustrated with applications from health economics. This article ends by referring the reader to further extensions of these basic panel models and providing the appropriate references.

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KW - Hausman test

KW - Limited dependent variables

KW - Panel data

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ER -

Panel Data and Difference-in-Differences Estimation

Abstract

Keywords

ASJC Scopus subject areas

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