This article proposes a new method for analysing panel data based on modelling heterogeneity of individuals or entities as a regime-switching process. There are several advantages to this approach.
No. 55/56, Économétrie des Données de Panel / Panel Data Econometrics (Sep. - Dec., 1999), pp. 299-315 (17 pages) This paper analyzes the effects of individual-specific size factors in a dynamic panel ...
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