A generalized panel data switching regression model

Malikov, Emir and Kumbhakar, Subal C. (2014): A generalized panel data switching regression model.

Abstract

This paper considers a generalized panel data model of polychotomous and/or sequential switching which can also accommodate the dependence between unobserved effects and covariates in the model. We showcase our model using an empirical illustration in which we estimate scope economies for the publicly owned electric utilities in the U.S. during the period from 2001 to 2003.

• Item Type: MPRA Paper
• Language: English
• Keywords: Correlated Effects, Multinomial Logit, Nested Logit, Panel Data, Polychotomous, Selection
• Subjects: C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C33 - Panel Data Models ; Spatio-temporal Models; C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C34 - Truncated and Censored Models ; Switching Regression Models

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