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


Bhattacharya, D. and Shvets, J. Inferring Trade-Offs in University Admissions: Evidence from Cambridge Journal of Political Economy, accepted [2024]

Huffman, D., Raymond, C. and Shvets, J. Persistent Overconfidence and Biased Memory: Evidence from Managers American Economic Review [2022]

Colicev, A., Hoste, J. and Konings, J. The Impact of a Large Depreciation on the Cost of Living of Rich and Poor Consumers International Economic Review, accepted [2024]

Ajzenman, N., Cavalcanti, T. and Da Mata, D More than Words: Leaders' Speech and Risky Behavior During a Pandemic American Economic Journal: Economic Policy [2023]