EViews.com

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

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

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

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