Eviews limits

[lkonya]

I am using Eviews 7.1.

I try to estimate a three dimensional (i,j,t) panel model with time-varying fixed effects for i and j (e.g. country-code x time). The size of the panel is about 180 (i), 180 (j) and 45 (t), so there are 16200 'it' and 16200 'jt' dummy variables. When I try to estimate the model, I get the 'Out of memory' error message. Does this mean that my computer/processor is not good enough, or Eviews has an internal limit for the number of independent variables in an equation?

Thanks for your help.

Laszlo

[EViews Gareth]

You've hit the limits of your computer / operating system.

Getting more memory and/or switching to a 64bit operating system may help.

[lkonya]

Thanks Gareth, I'll buy a new laptop.

Just one more thing. This morning I tried to set up my panel data as a dated panel with a dateid and two-dimensional (it, jt) cross-section identifier. It did not work because dateid was nested in the in the other dimension of the panel structure. Hence, I tried to set up an undated panel instead, but this time Eviews wanted to insert 40,996,744(!) new observations in the workfile.

Laszlo