We explain the proliferation of panel data studies in terms of (i) data availability, (ii) the more heightened capacity for modeling the complexity of human behavior than a single cross-section or time series data can possibly allow, and (iii) challenging methodology. Advantages and issues of panel data modeling are also discussed. © Sociedad de Estadística e Investigación Operativa 2007.
CITATION STYLE
Hsiao, C. (2007). Panel data analysis-advantages and challenges. Test, 16(1), 1–22. https://doi.org/10.1007/s11749-007-0046-x
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