Allin,
While helping a student sort out a dynamic panel estimation, I discovered the following.
If I take a data set that's organized as stacked time series, change the structure to
stacked cross-sections, then change it back, the second change isn't implemented. I
get a box saying no changes were made. Is this intended behavior?
Also, I have a clarification question: if I estimate a dynamic panel model with y as the
dependent variable, the output lists "Dy(-1)" as the first x variable. At first
I thought that meant the lagged first difference, but reading the dpanel documentation it
seems like this is actually y(-1). It's the lagged level, right?
TIA,
PS
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Dr. Peter Summers
Assistant Professor
Department of Economics
Texas Tech University
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