Panel data econometrics has evolved rapidly over the last decade. Dynamic panel data estimation, non-linear panel data methods and the phenomenal growth in non-stationary panel data econometrics makes this an exciting area of research in econometrics. The 11th international conference on panel data held at Texas A&M University, College Station, Texas, June 2004, witnessed about 150 participants and 100 papers on panel data. This volume includes some of the papers presented at that conference and other solicited papers that made it through the refereeing process.
 

 

PART 1: THEORETICAL CONTRIBUTIONS
   
J. Bai, C. Kao On the Estimation and Inference of Panel Cointegration Model with Cross-Sectional Dependence
B. Lejeune A Full Heteroscedastic One-way Error Components Model: Pseudo-maximum Likelihood Estimation and Specification Testing
A. Ullah, X. Huang Finite Sample Properties of FGLS Estimator for Random-effects Model under Non-normality
I. Kazemi, R. Crouchley Modelling the Initial Conditions in Dynamic Regression Models of Panel Data with Random Effects
J. Krishnakumar Time Invariant Variables and Panel Data Models: A Generalised Frisch-Waugh Theorem and its Implications
 

PART 2: EMPIRICAL APPLICATIONS

 
R.C. Sickles, J. Williams An Intertemporal Model of Rational Criminal Choice
B.H. Baltagi, J.M. Griffin Swedish Liquor Consumption: New Evidence on Taste Change
R. Boumahdi, J. Chaaban, A. Thomas Import Demand Estimation with Country and Product Effects: Application of Multi-way Unbalanced Panel Data Models to Lebanese Imports
E. Biorn, T. Skjerpen, K.R. Wangen Can Random Coefficient Cobb-Douglas Production Functions be Aggregated to Similar Macro Functions?
R. Cermeno, K.B. Grier Conditional Heteroskedasticity and Cross-Sectional Dependence in Panel Data: An Empirical Study of Inflation Uncertainty in the G7 Countries
M. Yasar, C.H. Nelson, R.M. Rejesus The Dynamics of Exports and Productivity at the Plant Level: A Panel Data Error Correction Model (ECM) Approach
I. Drine, C. Rault Learning about the Long-run Determinants of Real Exchange Rates for Developing Countries: A Panel Data Investigation
M.N. Harris, K.K. Tang, Y-P. Tseng Employee Turnover: Less is Not Necessarily More?
G. D. Kaltchev Dynamic Panel Models with Directors? and Officers? Liability Insurance Data
A. Ortega-Diaz Assessment of the Relationship between Income Inequality and Economic Growth: A Panel Data Analysis of the 32 Federal Entities of Mexico, 1960-2002