LIMITATIONS OF THE PANEL REGRESSION MODEL APPLICATION: THE EXAMPLE OF THE WESTERN BALKAN COUNTRIES

Acta Economica

Bojan Baškot¹  Stanko Stanić² 

[1] Central Bank of Bosnia and Herzegovina, University of Banja Luka;University of Banja Luka, Faculty of Economics, Banja Luka;

关键词: panel regression model;    heterogeneity;    foreign direct investments;    GDP growth;   

DOI  :  10.7251/ACE2032151B

来源: DOAJ

【 摘 要 】

Panel regression model may seem like an appealing solution in conditions of limited time series. This is often used as a shortcut to achieve deeper data set by setting several individual cases on the same time dimension, where cross units visually but not really multiply a time frame. Macroeconometrics of the Western Balkan region assumes short time series issue. Additionally, the structural brakes are numerous. Panel regression may seem like a solution, but there are some limitations that should be considered.

【 授权许可】

Unknown