The Issue of Endogeneity and Possible Solutions in Panel Data Analysis in The Hospitality Literature

Sungbeen Park, Sujin Song, Seoki Lee

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

This study discusses endogeneity and causality issues in analyzing panel data and presents possible suggestions to alleviate them. Establishing causality is of paramount interest for researchers, yet the hospitality literature has tended to employ econometric techniques that rely heavily on modeling assumptions for endogeneity problems. Accordingly, this article provides practical guidance for hospitality researchers in addressing endogeneity issues when analyzing panel data. Specifically, this article (a) discusses endogeneity issues in the use of panel data, (b) suggests possible remedies to mitigate endogeneity problems, (c) reviews how the existing hospitality literature has previously dealt with such problems, and (d) suggests how hospitality researchers can effectively address endogeneity issues with reference to an example of difference-in-differences methods using restaurant panel data.

Original languageEnglish (US)
Pages (from-to)399-418
Number of pages20
JournalJournal of Hospitality and Tourism Research
Volume45
Issue number2
DOIs
StatePublished - Feb 2021

All Science Journal Classification (ASJC) codes

  • Education
  • Tourism, Leisure and Hospitality Management

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