Panel Data "near singular matrix"
Posted: Thu Jun 12, 2014 3:06 am
Hi,
I have a question regarding excel formation of the data. I want a number of countries with data for 1990 to 2010. I want to regress the average growth of GDP per capita form 1990 - 2000 with GDP per capita in 1990 ( to measure the effect of GDP per capita in 1990 on the average growth of 1990-2000). However, it has to be a panel data, so I can implement fixed effects. How can I best do this? The way I have tried is entering data on the row for 1990 and then leaving the remaining years empty (NA). But EViews then gives a "near singular matrix". Using data for all years 1990-2000 and then for 2000-2010, then how I can I measure the effect of 1990 only?
I look forward to your reply. Thank you in advance.
I have a question regarding excel formation of the data. I want a number of countries with data for 1990 to 2010. I want to regress the average growth of GDP per capita form 1990 - 2000 with GDP per capita in 1990 ( to measure the effect of GDP per capita in 1990 on the average growth of 1990-2000). However, it has to be a panel data, so I can implement fixed effects. How can I best do this? The way I have tried is entering data on the row for 1990 and then leaving the remaining years empty (NA). But EViews then gives a "near singular matrix". Using data for all years 1990-2000 and then for 2000-2010, then how I can I measure the effect of 1990 only?
I look forward to your reply. Thank you in advance.