panel PMG/ARDL: cross-sectional averages removed?
Posted: Sun May 28, 2017 6:14 am
Hello Glenn,
In this post from Wed Jul 09, 2014 3:58 pm, you replied that in panel DOLS estimations ...
I would like to know whether this demeaning is done in PMG/ARDL panel regressions as well, in estimations where the only deterministic trend is a constant?
Best regards.
In this post from Wed Jul 09, 2014 3:58 pm, you replied that in panel DOLS estimations ...
http://forums.eviews.com/viewtopic.php? ... 747#p36827In all cases, we remove the deterministics by running cross-section specific regressions on the appropriate deterministics and obtaining residuals. For case 1 it's a constant so it's equivalent to demeaning ...
I would like to know whether this demeaning is done in PMG/ARDL panel regressions as well, in estimations where the only deterministic trend is a constant?
Best regards.