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Can anyone please recommend a good source (academic and basic) for understanding the concepts of dynamic panel data estimation methods and why its preferred over static data analysis?

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  • $\begingroup$ you can read B H Baltagi's book "Panel Data Econometrics_ Theoretical Contributions and Empirical Applications" $\endgroup$ – yakh mak Jul 23 '15 at 15:38
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An approachable introduction is:

Nathaniel Beck and Jonathan N. Katz. 2011. "Modeling Dynamics in Time-Series–Cross-Section Political Economy Data." Annual Review of Political Science doi:10.1146/annurev-polisci-071510-103222

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