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Questions and Answers
What is the purpose of pooling cross sections across time in econometrics?
The purpose is to evaluate the impact of a certain event or policy change, such as the effect of a new garbage incinerator's location on housing prices.
Can pooled cross sections be used to examine the effect of a certain event or policy change? Provide an example.
Yes, they can be used. An example is examining the effect of the location of a house on its price before and after the garbage incinerator was built.
What is the potential impact of a new garbage incinerator's location on housing prices?
The potential impact is the change in housing prices before and after the garbage incinerator was built, which can be examined using pooled cross sections.
What are the potential uses of pooled cross sections in policy analysis?
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Why is it important to use pooled cross sections in examining the impact of events or policy changes?
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