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पैनल GARCH मॉडल×पैनल फिक्स्ड इफेक्ट्स मॉडल×
क्षेत्रअर्थमितिअर्थमिति
परिवारRegression modelRegression model
उद्भव वर्ष1986 (GARCH); panel extension 1990s–2000s1978
प्रवर्तकBollerslev (1986); extended to panel settings in subsequent literatureMundlak (1978); classical treatment in Wooldridge (2010) and Baltagi (2021)
प्रकारVolatility modelPanel regression estimator
मौलिक स्रोतBollerslev, T. (1986). Generalized autoregressive conditional heteroskedasticity. Journal of Econometrics, 31(3), 307–327. DOI ↗Wooldridge, J. M. (2010). Econometric Analysis of Cross Section and Panel Data (2nd ed.). MIT Press. ISBN: 978-0262232586
उपनामpanel GARCH, GARCH panel model, panel volatility model, panel conditional heteroscedasticity modelwithin estimator, FE model, within-group estimator, LSDV model
संबंधित65
सारांशThe Panel GARCH model extends Bollerslev's (1986) Generalized Autoregressive Conditional Heteroscedasticity framework to panel data, allowing conditional variance to evolve over time for each cross-sectional unit. It simultaneously captures unit-level heterogeneity and time-varying volatility clustering, making it the standard tool for modelling risk and uncertainty in multi-entity financial and macroeconomic panels.The panel fixed effects (FE) model controls for all time-invariant, unit-specific unobserved heterogeneity by absorbing it into individual intercepts. By sweeping out unit means through the within transformation, FE yields unbiased estimates of the effect of time-varying regressors even when omitted unit-level confounders are correlated with those regressors.
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  1. v1
  2. 2 स्रोत
  3. PUBLISHED

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