Estimating Ricardian models with panel data
By: Emanuele Massetti, Robert Mendelsohn
Contributors: Mendelsohn, Robert; National Bureau of Economic Research
Series: NBER working paper series -- working paper 17101; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17101.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "Many nonmarket valuation models, such as the Ricardian model, have been estimated using cross sectional methods with a single year of data.  Although multiple years of data should increase the robustness of such methods, repeated cross sections suggest the results are not stable.  We argue that repeated cross sections do not properly specify the model.  Panel methods that correctly specify the Ricardian model are stable over time.  The results suggest that many cross sectional methods including hedonic studies and travel cost studies could be enhanced using panel data"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 8/30/2011.

Includes bibliographical references.

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