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

Badi H. Baltagi, James M. Griffin

Research output: Contribution to journalArticle

143 Scopus citations

Abstract

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.

Original languageEnglish (US)
Pages (from-to)303-327
Number of pages25
JournalJournal of Econometrics
Volume77
Issue number2
DOIs
StatePublished - Apr 1997
Externally publishedYes

Keywords

  • Error components
  • Gasoline demand
  • Panel data
  • Shrinkage estimators

ASJC Scopus subject areas

  • Economics and Econometrics

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