Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 23 February 2020

Abstract and Keywords

This article outlines the literature on time-series cross-sectional (TSCS) methods. First, it addresses time-series properties including issues of nonstationarity. It moves to cross-sectional issues including heteroskedasticity and spatial autocorrelation. The ways that TSCS methods deal with heterogeneous units through fixed effects and random coefficient models are shown. In addition, a discussion of binary variables and their relationship to event history models is provided. The best way to think about modeling single time series is to think about modeling the time-series component of TSCS data. On the cross-sectional side, the best approach is one based on thinking about cross-sectional issues like a spatial econometrician. In general, the critical insight is that TSCS and binary TSCS data present a series of interesting issues that must be carefully considered, and not a standard set of nuisances that can be dealt with by a command in some statistical package.

Keywords: time-series cross-sectional methods, nonstationarity, heteroskedasticity, spatial autocorrelation, binary variables, fixed effects, random coefficient models, heterogeneous units

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.