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
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