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Within and between estimates in random-effects models: Advantages and drawbacks of correlated random effects and hybrid models
- Publication Year :
- 2013
-
Abstract
- Correlated random-effects (Mundlak, 1978, Econometrica 46: 69–85; Wooldridge, 2010, Econometric Analysis of Cross Section and Panel Data [MIT Press]) and hybrid models (Allison, 2009, Fixed Effects Regression Models [Sage]) are attractive alternatives to standard random-effects and fixed-effects models because they provide within estimates of level 1 variables and allow for the inclusion of level 2 variables. I discuss these models, give estimation examples, and address some complications that arise when interaction effects are included.
Details
- Language :
- English
- Database :
- OpenAIRE
- Accession number :
- edsair.doi...........25b7d1e8b076f312b22705c4f839f535
- Full Text :
- https://doi.org/10.22004/ag.econ.241328