Open AccessLIMITATIONS OF THE PANEL REGRESSION MODEL APPLICATION: THE EXAMPLE OF THE WESTERN BALKAN COUNTRIES
Author(s) -
Stanko Stanić,
Bojan Baškot
Publication year - 2021
Publication title -
acta economica
Language(s) - English
Resource type - Journals
eISSN - 2232-738X
pISSN - 1512-858X
DOI - 10.7251/ace2032151b
Subject(s) - panel data , econometrics , regression , dimension (graph theory) , regression analysis , series (stratigraphy) , time series , set (abstract data type) , frame (networking) , computer science , statistics , mathematics , machine learning , paleontology , telecommunications , pure mathematics , biology , programming language
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.