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How to run panel estimation

Posted: Thu Apr 30, 2009 6:18 am
by davisgt
I have imported all of my data into eviews as an balanced panel data. I am using state by state data. So therefore, I have 51 cross-sections with 31 years worth of data. I am attempting to run a basic solow model meaning this is my equation:

lny= constant + gt + lnk + lnl
and aslo

lny/l= constant + gt + lnk/l + lnh/l

I am confused about the what to put into the gt part of my model. Because it is a parameter that is based around time.

Re: How to run panel estimation

Posted: Thu Apr 30, 2009 6:32 am
by startz
I have imported all of my data into eviews as an balanced panel data. I am using state by state data. So therefore, I have 51 cross-sections with 31 years worth of data. I am attempting to run a basic solow model meaning this is my equation:

lny= constant + gt + lnk + lnl
and aslo

lny/l= constant + gt + lnk/l + lnh/l

I am confused about the what to put into the gt part of my model. Because it is a parameter that is based around time.
You can create a time trend in a panel data set with

Code: Select all

series t=@trend

Re: How to run panel estimation

Posted: Thu Apr 30, 2009 7:55 am
by davisgt
Thanks for the help, i believe that I understand what to do. However, if I wanted to run a hausman test on this data what would be the best way of going about that. I desire to add dummy variables for region in my data. I read the user manual and I still feel lost.