Dupont-Kieffer, Ariane; Pirotte, Alain - In: History of Political Economy 43 (2011) 5, pp. 258-282
This essay focuses on the early years of panel data econometrics and two seminal papers by Yair Mundlak (1961) and Pietro Balestra and Marc Nerlove (1966). The issue of latent individual heterogeneity was identified as a central problem. One main ambition was to get a clear understanding of how...