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The problem is that your variable fh is perfectly explained by the year dummies.

Okay. I guess I'm just going to have to without those dummies then...

Anyway, thanks a bundle for clarifying. It was really helpful!

The workfile smpl is set to 1 3537. I get a message "log of non-positive number" Is that the sample you're using? It is. I do not get that error message though (using Eviews 5). At what point does it appear? Come to think about it, I did experience something similar when generating a vari...

Remember that a regression cannot have more than one complete set of dummies, nor a complete set of dummies with a constant. Thank you for responding. However, mine doesn't. It has a constant, 26 dummies for 27 years and 7 regressors. That's it. As I said (or tried to), my dummies don't act weird a...

Remember that a regression cannot have more than one complete set of dummies, nor a complete set of dummies with a constant. Thank you for responding. However, mine doesn't. It has a constant, 26 dummies for 27 years and 7 regressors. That's it. As I said (or tried to), my dummies don't act weird a...

Hey! I'm experiencing the same problem and I am pretty certain that my equation is correctly specified. It seems Eviews is having problem handling some of my variables when applying dummies. When I remove said variables, the regressions turn out the way I want them (filtering out year-specific effec...