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What is a pooled cross-section model? For what type of data would you estimate such a model? Are there any potential empirical issues associated with this approach? Explain.
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A pooled cross-section model is one in w...View Answer
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Correct Answer:
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Q3: Fixed-effects models and first-differenced models<br>A)assume that the
Q4: Random-effects models are<br>A)almost never the appropriate model
Q5: Panel data differs from time-series data in
Q6: First-differenced models are preferable to pooled cross-section
Q7: Suppose that in an effort to explain
Q9: If there is a pooled cross-section model
Q10: Random-effects models<br>A)assume that the time invariant component
Q11: One can first-difference panel data in a
Q12: Pooled cross-section models are not the preferred
Q13: Suppose that in an effort to