Macro Panel

[normas]

Hi,

I'm in finance and currently using Eviews 7. Not that familiar with Eviews but planning to use the software for my study. Just need your opinion on panel data analysis for Macro Panel (Large T and Small N, T->infinity). My dataset is a 10-year-daily data (2000-2010) for 5 different countries, 1 dependent variable and 3 independent variables. But not all countries have the same lenght of available data (unbalanced panel). I'm now in the pool estimation panel.

My question is, what are the next steps for me to do? I read somewhere that for macro panel such as mine, fixed effects and random effects is not suitable, but SUR is the best, is it right? If SUR is the best, what I did so far are as follows:

In POOL ESTIMATION
-> Estimation Method - Weight -Cross-section SUR (tick "unbalanced cross-section SUR")
-> Coef covariance method - choose "White cross-section"
Then the results show all the coefficients for all the countries and all the IVs.

My next step is to use Wald Coefficient Restriction, as based on the relevant theory of the study, I need to restrict the constant term equal to zero and beta1, beta2 and beta3 equal to 1. This for me to determine the efficiency of my dependent variable as opposed to the independent variables. FYI, the 3 independent variables are highly correlated as the only difference among them is that they have different maturities.

Really hope that you could help me on this.

Regards,
Normas