Panel data analysis
Posted: Sat Apr 14, 2012 5:37 am
Hello,
I'm doing research into explaining house prices before and after crisis, and do house prices react differently to the crisis regionally. I have a dataset with house prices of 33 cities ( dependend variable) and 7 ( yearly) explanatory variables over a time period of 17 years (1996-2011). I created a balanced panel (33-528), with an after crisis dummy variable ( 2008-2011) to see if house prices react differntly to variables after 2007.
Im really not sure if this is the right way to test my hypothesis. And if i have to use fixed cross-section or period effects or random cross-section or period effects?
Can you help me?
Thanks in advance,
Winger.
I'm doing research into explaining house prices before and after crisis, and do house prices react differently to the crisis regionally. I have a dataset with house prices of 33 cities ( dependend variable) and 7 ( yearly) explanatory variables over a time period of 17 years (1996-2011). I created a balanced panel (33-528), with an after crisis dummy variable ( 2008-2011) to see if house prices react differntly to variables after 2007.
Im really not sure if this is the right way to test my hypothesis. And if i have to use fixed cross-section or period effects or random cross-section or period effects?
Can you help me?
Thanks in advance,
Winger.