Am 17.09.2021 um 09:35 schrieb Nancy Dimitriadou:
Dear sir/madam,
I have an equation about the Dynamic Panel Model using the GMM System. I
do not understand the term "Including equations in levels". Does this
mean that the independent variables are without differences and lags? So
do I have to add the equations with differences and a delay of each
independent variable?? I was confused about it. Could you help me
understand this more clearly?
Hi, this is explained in ch. 24 of the user guide ("Dynamic panel models").
If anything remains unclear after reading that, please get back to us by
pointing out which part of the documentation is not comprehensible.
thanks
sven