time and group effects investigation in fixed effect model
Posted: Sat Oct 22, 2011 12:06 pm
Hi,
i need your assistance..
i work on panel data analysis. since i focussed on 27 members of EU, i employed fixed effects model. Series are statioanry in terms of LLC and IPS unit root results. before estimating model, i tested existence of group and time effects and can not accept null hypothesis. That means there have been time and group effects in my model but i dont know how to continue and what to do in order to estimate the model?
Thanks in advance..
i need your assistance..
i work on panel data analysis. since i focussed on 27 members of EU, i employed fixed effects model. Series are statioanry in terms of LLC and IPS unit root results. before estimating model, i tested existence of group and time effects and can not accept null hypothesis. That means there have been time and group effects in my model but i dont know how to continue and what to do in order to estimate the model?
Thanks in advance..