In this lecture we introduce the concept of panel data and discuss how panel data helps to overcome the omitted variable bias problem 00:00 Introduction 06:30 Panel data 13:15 Panel data and unobservable factors 15:28 Empirical example: cross-secitonal regressions 21:23 Omitted variable bias reminder 25:07 Panel data with two periods 30:54 Conclusion The course “Econometrics II“ for the 3rd year bachelors in Economics Taught at BRICS institute, Irkutsk National Research Technical University, Winter semester 2022
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