How panel data analysis can be used and what are the uses of panel data analysis/regression?












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I have a dataset with Cross-section and Time-Series Data. After doing some reading I came accross an area named as "Panel data analysis/regression". However, I am still not clear how and why we use "Panel data analysis/regression".



Mentioned below are some brief information about my dataset:




  • Research samples: Data from 1970 to 2010, 6 countries

  • Dependent variable = Real GDP growth, per capita (%)

  • Independent variables =Population growth (%), Household consumption, Government
    consumption, Capital formation (shares of GDP, %), Natural resources
    (share of GDP, %), Trade ((imp+exp)/GDP), Inflation (%), Life
    expectancy (years)


It would be really great if someone can explain how and why panel data analysis can be used for datsets like mine.



I am happy to provide more details if needed.










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    $begingroup$


    I have a dataset with Cross-section and Time-Series Data. After doing some reading I came accross an area named as "Panel data analysis/regression". However, I am still not clear how and why we use "Panel data analysis/regression".



    Mentioned below are some brief information about my dataset:




    • Research samples: Data from 1970 to 2010, 6 countries

    • Dependent variable = Real GDP growth, per capita (%)

    • Independent variables =Population growth (%), Household consumption, Government
      consumption, Capital formation (shares of GDP, %), Natural resources
      (share of GDP, %), Trade ((imp+exp)/GDP), Inflation (%), Life
      expectancy (years)


    It would be really great if someone can explain how and why panel data analysis can be used for datsets like mine.



    I am happy to provide more details if needed.










    share|improve this question







    New contributor




    Emi is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
    Check out our Code of Conduct.







    $endgroup$















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      0





      $begingroup$


      I have a dataset with Cross-section and Time-Series Data. After doing some reading I came accross an area named as "Panel data analysis/regression". However, I am still not clear how and why we use "Panel data analysis/regression".



      Mentioned below are some brief information about my dataset:




      • Research samples: Data from 1970 to 2010, 6 countries

      • Dependent variable = Real GDP growth, per capita (%)

      • Independent variables =Population growth (%), Household consumption, Government
        consumption, Capital formation (shares of GDP, %), Natural resources
        (share of GDP, %), Trade ((imp+exp)/GDP), Inflation (%), Life
        expectancy (years)


      It would be really great if someone can explain how and why panel data analysis can be used for datsets like mine.



      I am happy to provide more details if needed.










      share|improve this question







      New contributor




      Emi is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
      Check out our Code of Conduct.







      $endgroup$




      I have a dataset with Cross-section and Time-Series Data. After doing some reading I came accross an area named as "Panel data analysis/regression". However, I am still not clear how and why we use "Panel data analysis/regression".



      Mentioned below are some brief information about my dataset:




      • Research samples: Data from 1970 to 2010, 6 countries

      • Dependent variable = Real GDP growth, per capita (%)

      • Independent variables =Population growth (%), Household consumption, Government
        consumption, Capital formation (shares of GDP, %), Natural resources
        (share of GDP, %), Trade ((imp+exp)/GDP), Inflation (%), Life
        expectancy (years)


      It would be really great if someone can explain how and why panel data analysis can be used for datsets like mine.



      I am happy to provide more details if needed.







      data-mining nlp time-series statistics text-mining






      share|improve this question







      New contributor




      Emi is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
      Check out our Code of Conduct.











      share|improve this question







      New contributor




      Emi is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
      Check out our Code of Conduct.









      share|improve this question




      share|improve this question






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      Check out our Code of Conduct.






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