Time-series - Cross-section data: What have we learned in the past few years?

Research output: Contribution to journalArticle

Abstract

This article treats the analysis of "time-series - cross-section" (TSCS) data, which has become popular in the empirical analysis of comparative politics and international relations (IR). Such data consist of repeated observations on a series of fixed (nonsampled) units, where the units are of interest in themselves. An example of TSCS data is the post-World War II annual observations on the political economy of OECD nations. TSCS data are also becoming more common in IR studies that use the "dyad-year" design; such data are often complicated by a binary dependent variable (the presence or absence of dyadic conflict). Among the issues considered here are estimation and specification. I argue that treating TSCS issues as an estimation nuisance is old-fashioned; those wishing to pursue this approach should use ordinary least squares with panel correct standard errors rather than generalized least squares. A modern approach models dynamics via a lagged dependent variable or a single equation error correction model. Other modern issues involve the modeling of spatial impacts (geography) and heterogeneity. The binary dependent variable common in IR can be handled by treating the TSCS data as event history data.

Original languageEnglish (US)
Pages (from-to)271-293
Number of pages23
JournalAnnual Review of Political Science
Volume4
DOIs
StatePublished - 2001

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time series
international relations
dyad
OECD
World War II
political economy
geography
politics
event

Keywords

  • Error correction
  • Feasible generalized least squares
  • Random coefficients
  • Robust standard errors
  • Spatial econometrics

ASJC Scopus subject areas

  • Sociology and Political Science

Cite this

Time-series - Cross-section data : What have we learned in the past few years? / Beck, Nathaniel.

In: Annual Review of Political Science, Vol. 4, 2001, p. 271-293.

Research output: Contribution to journalArticle

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