To Pool or Not to Pool: Homogeneous Versus Heterogeneous Estimators Applied to Cigarette Demand
The Review of Economics and Statistics2000Vol. 82(1), pp. 117–126
Citations Over TimeTop 10% of 2000 papers
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.
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