The Review of Economics and Statistics Vol. 82 No. 1 2000

To Pool or Not to Pool: Homogeneous Versus Heterogeneous Estimators Applied to Cigarette Demand

Badi H. Baltagi^1,2; James M. Griffin^1,2; Weiwen Xiong^1,2

¹ Mitchell Institute · ² Texas A&M University

Abstract

This paper reexamines the benefits of pooling and, in addition, contrasts the performance of newly proposed heterogeneous estimators. The analysis utilizes a panel data set from 46 American states over the period 1963 to 1992 and a dynamic demand specification for cigarettes. Also, the forecast performance of the various estimators is compared.

DOI

10.1162/003465300558551

Volume

82

Issue

1

Pages

117-126

Language

en

Sources

openalex crossref

Cite

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