The Seemingly Underappreciated Role of Panel Data in Measuring Poverty and Economic Transformation
World Economics, Forthcoming
15 Pages Posted: 12 Oct 2018
Date Written: September 19, 2018
Panel data play an important role in producing insights into households’ welfare dynamics and economic transformation processes. Yet, such data are not readily available for a number of countries, particularly developing countries, because they require considerable financial and technical resources. We offer a review of the current panel data situations in developing countries. We discuss two different, but complementary approaches to address this data challenge: one is to field panel surveys, and the other is to employ statistical techniques to construct pseudo-panel data that can substitute for actual panel data. We finally offer further thoughts on a new hybrid approach that may combine the advantages of the two existing approaches.
Keywords: panel data, welfare dynamics, developing countries, household survey, synthetic panels
JEL Classification: C8, I00, O1
Suggested Citation: Suggested Citation