dummy variables in panel data
Posted: Sun Oct 26, 2014 11:58 am
Hi Guys,
I am looking into variables that influence sovereign debt maturity choices. I have 12 independent variables (gdp per capita, inflation rate, corruption, etc..) and dependent variable - debt maturity. I analyze 42 countries in years 2000 - 2013.
Q: When running Fixed Effects regression in Eviews, do I have to create dummy variables for all 42 countries? if yes, how do I do it and why is it beneficial?
Thanks a lot!
Best
F.
I am looking into variables that influence sovereign debt maturity choices. I have 12 independent variables (gdp per capita, inflation rate, corruption, etc..) and dependent variable - debt maturity. I analyze 42 countries in years 2000 - 2013.
Q: When running Fixed Effects regression in Eviews, do I have to create dummy variables for all 42 countries? if yes, how do I do it and why is it beneficial?
Thanks a lot!
Best
F.