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Introduction

In: Econometric Analysis of Panel Data

Author

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  • Badi H. Baltagi

    (Syracuse University)

Abstract

In this book, the term “panel data” refers to the pooling of observations on a cross-section of households, countries, firms, etc., over several time periods. This can be achieved by surveying a number of households or individuals and following them over time. The latter are known as micro-panels and are collected for a large number of N individuals (usually in the hundreds or thousands) over a short time period T (varying from a minimum of two years to a maximum rarely exceeding 10 or 20). In contrast, macro-panels usually involve a number of countries over time. These may have a moderate size N (varying from 7 countries say for the G7 countries to a larger set of say 20 OECD or European Union countries, or a mix of developed and developing countries, which could be as large as 100 or 200).

Suggested Citation

  • Badi H. Baltagi, 2021. "Introduction," Springer Texts in Business and Economics, in: Econometric Analysis of Panel Data, edition 6, chapter 0, pages 1-14, Springer.
    • Handle: RePEc:spr:sptchp:978-3-030-53953-5_1
    DOI: 10.1007/978-3-030-53953-5_1
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