System GMM

[econwork]

Hi,
My goal is to analyze the effect of macroeconomic policy on agricultural export and production under a simultaneous equations model for 8 countries. As export and production are endogenous to each other and macro-policy effect on both of them, the best method is to apply a system GMM (GMM estimation of a system of non-panel equations), in which:
eq1: dependent variable is production (independents are export and macro-policy variables)
eq2: dependent variable is export (independents are production and macro-policy variables)
and use macro-policy indicators as IV.

I want to estimate the system of equations for each of countries separately, however I recognize that under a panel workfile also the system estimations are available! may I ask you if I use the panel workfile and estimate a system GMM (a system including two equations of production and export), how eviews reads the data?
I know the difference between panel GMM, panel system GMM and system GMM, and I know the two firs cases are out of discussion here, however I am not sure estimating a system of equations using GMM under a panel workfile is econometrically correct? or maybe Eviews reads the data as stacked and not panel?
Thank you in advance
Regards

[EViews Gareth]

The system object is not panel aware, so will estimate assuming the data is stacked data. The exception being that lags/difference etc... will work correctly (they will not cross across cross sections [that's a mouthful!]).

I won't comment on whether using such an estimator on your panel data makes sense.