A Generalized Panel Data Switching Regression Model
9 Pages Posted: 22 Jun 2014 Last revised: 10 Jul 2014
Date Written: May 28, 2014
This paper considers a generalized panel data model of polychotomous and/or sequential switching which can also accommodate the dependence between unobserved effects and covariates in the model. We showcase our model using an empirical illustration in which we estimate scope economies for the publicly owned electric utilities in the U.S. during the period from 2001 to 2003.
Keywords: Correlated Effects, Multinomial Logit, Nested Logit, Panel Data, Polychotomous, Selection
JEL Classification: C33, C34
Suggested Citation: Suggested Citation