To Pool or Not to Pool: Homogeneous Versus Heterogeneous Estimators Applied to Cigarette Demand
- 1 February 2000
- journal article
- Published by MIT Press in The Review of Economics and Statistics
- Vol. 82 (1) , 117-126
- https://doi.org/10.1162/003465300558551
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. © 2000 by the President and Fellows of Harvard College and the Massachusetts Institute of TechnologyKeywords
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