skip to content

Faculty of Economics

Journal Cover

Atak, A., Linton, O. and Xiao, Z.

A semiparametric panel model for unbalanced data with application to climate change in the United Kingdom

Journal of Econometrics

Vol. 164(1) pp. 92-115 (2011)

Abstract: This paper is concerned with developing a semiparametric panel model to explain the trend in UK temperatures and other weather outcomes over the last century. We work with the monthly averaged maximum and minimum temperatures observed at the twenty six Meteorological Office stations. The data is an unbalanced panel. We allow the trend to evolve in a nonparametric way so that we obtain a fuller picture of the evolution of common temperature in the medium timescale. Profile likelihood estimators (PLE) are proposed and their statistical properties are studied. The proposed PLE has improved asymptotic property comparing the sequential two-step estimators. Finally, forecasting based on the proposed model is studied

JEL Codes: C13, C14 , C21, D24

Author links: Oliver Linton  

Publisher's Link: http://dx.doi.org/10.1016/j.jeconom.2011.02.008



Papers and Publications



Recent Publications


Elliott, M. and Golub, B. A Network Approach to Public Goods Journal of Political Economy [2019]

Galeotti, A., Golub, B. and Goyal, S. Targeting Interventions in Networks Econometrica [2020]

Elliott, M., Georg, C-P. and Hazell, J. Systemic Risk Shifting in Financial Networks Journal of Economic Theory [2021]

Giannitsarou, C., Kissler, S. and Toxvaerd, F. Waning Immunity and the Second Wave: Some Projections for SARS-CoV-2 American Economic Review: Insights, forthcoming [2021]