Near Singular Matrix Error - Don't know what else to try!
Posted: Fri Feb 19, 2016 4:36 pm
Hi All,
Very new to this, I am an undergrad trying to conduct a study on the impact of foreign aid on economic growth. I am not an econometrician and my skills in this area are most definitely not up to par, but I am desperate for help and I do not know where else to turn to. I am using the Eviews Student version 9.0. Please find attached the panel data I am working with.
No matter what sort of equation I am trying to run - even just a simple least squares, I am getting the same 'near singular matrix' error message every single time (ideally I am trying to run GMM/TSLS with instruments). I assume this means I have multicollinearity of some sort, but I have tried transforming the variables differently to no avail. I would be so, so grateful for any help at all.
Very new to this, I am an undergrad trying to conduct a study on the impact of foreign aid on economic growth. I am not an econometrician and my skills in this area are most definitely not up to par, but I am desperate for help and I do not know where else to turn to. I am using the Eviews Student version 9.0. Please find attached the panel data I am working with.
No matter what sort of equation I am trying to run - even just a simple least squares, I am getting the same 'near singular matrix' error message every single time (ideally I am trying to run GMM/TSLS with instruments). I assume this means I have multicollinearity of some sort, but I have tried transforming the variables differently to no avail. I would be so, so grateful for any help at all.