I would give a better answer to this question if I was familiar with 3J's
knowledge of economics, econometrics, statistics, mathematics, and
computing. He should probably start with an introductory econometrics book
that contains a good introduction to econometrics. Wooldridge (2019),
Introductory econometrics, Centage, would be a good start. If that does
not meet his needs he could move on to Wooldridge (2010), Econometric
analysis of cross section and panel data, MIT. He might also be
interested in Baltagi (2021) econometric analysis of panel data, Springer
and Baltagi (2009) A companion to econometric analysis of panel data,
Wiley.
John C Frain
3 Aranleigh Park
Rathfarnham
Dublin 14
Ireland
www.tcd.ie/Economics/staff/frainj/home.html
https://jcfrain.wordpress.com/
https://jcfraincv19.wordpress.com/
mailto:frainj@tcd.ie
mailto:frainj@gmail.com
On Sun, 23 Jan 2022 at 15:45, 3J LEMA <3jlema(a)gmail.com> wrote:
I have read a blog stating that if there is heterogeneity in the
panel
data the appropriate model is either the Fixed Effect or Random Effects
model, not the OLS Regression. Do you agree with the blogger?
I'm interested to know to determine the appropriate panel regression model
when there are autocorrelations, heterogeneity, multicollinearity, and
non-normality. Appreciate if you suggest a textbook that deals with the
OLS, FE, and RE models for panel data.
Thank you.
Lema
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