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Nonlinear Latent Variable Models

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The Econometrics of Panel Data

Part of the book series: Advanced Studies in Theoretical and Applied Econometrics ((ASTA,volume 33))

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Abstract

Models containing unobservable variables arise very often in economics, psychology, and other social sciences.1 They may arise because of measurement errors, or because behavioural responses are in part determined by unobservable characteristics of agents (e.g.,Chamberlain and Griliches [1975], Griliches [1974], [1977], [1979], Heckman [1981a, b], Robinson and Ferrara [1977], Train et al. [1987]). They may arise because the theoretical construction of the model depends on conceptual variables that are unobservable. The Friedman [1957] permanent income hypothesis, the Muth [1961] rational expectation hypothesis, and the hedonic approach towards consumer choice and the construction of price indexes (e.g., Court [1941], Gorman [1980], Griliches [1971], Lancaster [1966], Rosen [1974] and Tinbergen [1959]) are some of the examples.

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Authors
  1. Cheng Hsiao
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Editor information

Editors and Affiliations

  1. Monash University, Melbourne and Budapest University of Economics, Australia

    László Mátyás

  2. ERUDITE, Université de Paris-Val-de-Marne, France

    Patrick Sevestre

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© 1996 Kluwer Academic Publishers

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Hsiao, C. (1996). Nonlinear Latent Variable Models. In: Mátyás, L., Sevestre, P. (eds) The Econometrics of Panel Data. Advanced Studies in Theoretical and Applied Econometrics, vol 33. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-0137-7_17

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  • DOI: https://doi.org/10.1007/978-94-009-0137-7_17

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-0-7923-3787-4

  • Online ISBN: 978-94-009-0137-7

  • eBook Packages: Springer Book Archive

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