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Panel Generalized Least Squares (Panel GLS)×패널 고정 효과 모형×
분야계량경제학계량경제학
계열Regression modelRegression model
기원 연도1935 / developed for panels 1980s–1990s1978
창시자Aitken (1935); extended to panel data by Baltagi and othersMundlak (1978); classical treatment in Wooldridge (2010) and Baltagi (2021)
유형Generalized linear regressionPanel regression estimator
원전Wooldridge, J. M. (2010). Econometric Analysis of Cross Section and Panel Data (2nd ed.). MIT Press. ISBN: 978-0262232586Wooldridge, J. M. (2010). Econometric Analysis of Cross Section and Panel Data (2nd ed.). MIT Press. ISBN: 978-0262232586
별칭Panel GLS, Generalized Least Squares for panel data, FGLS panel, feasible GLS panelwithin estimator, FE model, within-group estimator, LSDV model
관련35
요약Panel GLS is a regression method for longitudinal data that explicitly models the non-spherical error structure — heteroscedasticity across units and serial correlation within units — to recover efficient coefficient estimates. Unlike OLS, it weights observations by the inverse of the error covariance matrix, yielding the Best Linear Unbiased Estimator when the error structure is correctly specified.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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