EViews.com

Hello everybody,

I am using EViews 7 and my workfile comprises binary panel data. I know, that Logit/Probit models also work on Panel data, but I have some specific questions and would like to ask for some support:

1.) How can I account for fixed or random effects in the panel data when estimating a Logit/Probit model?
2.) When there are lagged dependent variables present on the right hand side, biased or inconsistent estimates of the Logit/Probit model can be present. Thus, does Eviews account for lagged dependent variables? If not, did anyone ever program a logl-object for maximum likelihood estimation (e.g. based on log-likelihood function described in Heckman 1981 ("Statistical models for discrete panel data" in "Structural Analysis of discrete data"))?
3.) Is there a function to estimate heteroskedastic-corrected probits (e.g. "Hetprob" in STATA)?

Thank you very much and best regards,

Chris

1) The only way to do it is by creating dummy variables for the fixed effects. Random effects cannot be done.

2) I don't believe so.

Thank you very much.

Do you know whether there is a function to estimate heteroskedastic-corrected probits (e.g. "Hetprob" in STATA)?

No, there is not.

I'm trying to run a Heckman sample selection model using panel-data? Does Eviews have a function for this?

Thank you for your helo.

Hi,
I have created firm dummies for the fixed effects. However, when I include these dummies (I have 152 firm dummie variables) in the estimation, Eviews show that "Parameter estimates for limit points are non-ascending 0". How can correct for this?

Thanks!

1) The only way to do it is by creating dummy variables for the fixed effects. Random effects cannot be done.

2) I don't believe so.