Dear Colleagues,
I am currently trying to estimate a set of panel equations with explicit restrictions on parameter values in a following form:
log(Y) = c(1)*log(X) + c(1)*log(Z) + (1-c(1))*log(X0) + (c(1)-1)*c(2)*time + c(3).
However, when I try to include random cross-section effects, EViews generates the following message:
Random effects may not be estimated in specifications
involving an explicit equation. You must specify your
equation as a dependent variable followed by a list of
regressors.
By the way, such a problem is not observable in the case of fixed effects.
Does this imply that the random effects estimation with explicit parameter restrictions is not possible in EViews?
Random effects estimation with an explicit formulation of equation
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