How to run panel estimation
Posted: Thu Apr 30, 2009 6:18 am
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.
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.