Dummy Variables in Panel Data (Part 1)

[@esthermercy8326]

Dr you are doing very good job the world is gaining more from your channel more grace in sound health IJMN Shalom Wonders of Grace

[@CrunchEconometrix]

Thanks Mum!!! Awesome! My mother commented on my Channel for the FIRST time ever! Glory!!! 💃🤩💃🤩💃🤩💃🤩

[@Simthjohnson-z5o]

I have my deepest respect to Madam's way of facilitation. I scored a very high mark on my master's dissertation because of your videos. The ARDL Model and Bounds Test, these I will never forget. You are doing a great work.

[@CrunchEconometrix]

Wow! Gabriel 👏 Awesome!!! Thanks for the encouraging feedback... deeply appreciated!

[@kithuminicooray4430]

Dear Madam...I'm from Sri Lanka. Your vedios helped me a lot to obtain excellent results at my uni exam...you are a great teacher...May God Bless You Abundantly Dear Madam!!!!!❤❤❤❤❤

[@CrunchEconometrix]

Thanks, Kithumini for the encouraging feedback... deeply appreciated!!! Much love from Nigeria💗🙏

[@md.mahfujurrahman864]

lots of years later.... miss you honey... another great one

[@isuruchanaka794]

Congratulations my dear madam. I really appreciate your service. Wonderful and excellent. God bless you and we love you

[@CrunchEconometrix]

Thanks Isuru, for the kind words of encouragement. Deeply appreciated! ☺️🙏

[@user-eo8cx3tw7u]

I have just watched your lecture video on "Dummy Variable in Panel Data (Part 1)" and I am trilled with the way you explain the data organization in Excel. Please I want to watch the continuation of this video(s) where you use this data to teach this topic using STATA. I am currently working on a cross-country panel data to writing a research paper as part of the requirement to complete my Masters degree in Economics. One obstacle I'm facing currently is that I want to introduce a "continent interaction" but don't know how to proceed.

[@CrunchEconometrix]

Detailed videos on DUMMY VARIABLES are published on my Teachable paid platform cruncheconometrix.teachable.com

[@TheXmisterx88]

Hello. I am carrying out an investigation into impact of economic and political shocks into eu-russian oil trade. DEPENDANT variale is oil trade and independent variales are ditance, gdppc, gdppc russia exchangerates crude oil prices and population of the two countries. I have dummy variales such as past colonial relations and pipeline. issue is that the two dummy variales are getting ommited due to collinearity in the random effects AND fixed effects model. how do i overcome this? How do i also show a distance variale in random effects model? Regards, Joseph.

[@CrunchEconometrix]

Hi Joseph, I have detailed videos on DUMMY VARIABLES USING PANEL DATA on my Teachable paid platform. You may want to enroll with $200.00 to gain access to all videos published in the School. Also, know that dummy variables are DROPPED off when estimating fixed effects models since they are time invariant. As per the last query, I have no idea on how to go about that.

[@DoyinsolaDammy]

thank u so much ma for the informations, but i don't know how to go about creating dummies for the years because am currently working on two-step gmm.

[@CrunchEconometrix]

To create YEAR dummies: tab year, gen (yr)

[@jemeka26]

Thank you very much, Dr. I'm currently learning econometric as I write my Msc. Dissertation and your teachings has been very helpful so far.

[@CrunchEconometrix]

You're very welcome, Sir!

[@jemeka26]

I have a question. I'm running a panel data regression, and using interaction terms and dummy variables (quarterly and regional). I've done the Unit Root tests and descriptive. What's the next step before proceeding to run the regression?

[@CrunchEconometrix]

That'll depend on if you have heterogeneous panel data where N

[@jemeka26]

@@CrunchEconometrix It consists of 33 panels (the boroughs in London)

[@CrunchEconometrix]

What's the time dimension?

[@abdullhalfadli581]

Which panel data estimator should I use whit panel heteroscedasticity, serial correlation, cross section dependence and endogeneity problems?

[@CrunchEconometrix]

Abdullah, panel ARDL estimators and its variants. Go a Google search on PSCE technique too.

[@funny100m12]

I'm proud of you Prof.May we get a video on Bayer-Hanck cointegration techniques? We consume from your hand again.

[@CrunchEconometrix]

Thanks, Dereje for the encouraging feedback. Deeply appreciated! Suggestion is noted but it will be uploaded to my Teachable platform cruncheconometrix.teachable.com whenever I create the videos.

[@jokosusilo9009]

Ma'am professor, I tried to apply it to the region countries of South Africa, Central Africa, and North Africa. I made the command = 1 if in South Africa and = 0 if not, as well as in Central and North Africa. My command result indicated "omitted the variable" when my three dummy variables ran concurrently. According to the professor, do I do one variable at a time or do it all together (running three dummy variables concurrently)

[@CrunchEconometrix]

Hi Joko, full videos on DUMMY VARIABLES IN PANEL DATA are available on my Teachable paid platform cruncheconometrix.teachable.com. An enrollment fee of $200 grants you access to all videos published in the School.

[@gilbertleon3080]

Greetings madam, your videos have helped me so much through my uni days. Glad to see you going strong on your channel!

[@CrunchEconometrix]

Thanks, Gilbert for the encouraging feedback and kind words. Deeply appreciated! 💗🙏

[@salahnasr5195]

Hi Doctor,, Can you tell us more about ATAforecasting: Automatic Time Series Analysis and Forecasting using the Ata Method

[@CrunchEconometrix]

Hi Salah, I have no idea about this technique. You may want to check out other online resources. Thanks

[@knowledgebulb6232]

where are other parts? thank you

[@CrunchEconometrix]

They are on my Teachable paid platform cruncheconometrix.teachable.com

[@knowledgebulb6232]

@@CrunchEconometrix . xtpmg d(int_rate_deposit ib_bank ), lr(l.int_rate_deposit ib_bank) mg invalid new variable name; variable name __ec is in the list of predictors i have no such variable _ec still getting this error, please help. tHANK YOU

[@CrunchEconometrix]

Your query is posted to the comment section of a video not related to it.

[@dilpreetdhillon4725]

Hello maam. If we introduce a dummy variable in time series and have an objective to check cointegration, do we need to run unit root test for dummy variable introduced in the model (along with other variables eg. gdp, energy consumption etc.) to know if our model will use ARDL or Johansen. or we just need to check integrated order of other variables only in the model (excluding dummy variable ) to know if our model will use ARDL or Johansen.

[@CrunchEconometrix]

Hi Dilpreet, no need testing stationarity of dummy variables.

[@SuarezNr7Lfc]

I have a question about dummy variables in panel data. Is it possible to make a regression with a "normal" dependent variable and a dummy variable as the single independent variable?

[@CrunchEconometrix]

Yes, Leon. It is possible.

[@SuarezNr7Lfc]

@@CrunchEconometrix Thank you. I also have another question. When I am doing a fixed effect panel data regression model in R program I get no intercept. Why is that? How do i include the intercept?

[@laundry.4596]

Dr. Coincidentally I saw your Article on 'Financial deepening and income inequality in Nigeria. Pls Dr how do I get to download the full article, I need it dearly. Thanks and best regards.

[@CrunchEconometrix]

Thanks for your interest. You can either download it from my website crunchcconometrix.com or from my ResearchGate profile.

[@miramir6227]

Mam plz recommend some good reading about econometrics

[@CrunchEconometrix]

Hi Amir, I recall that I responded to you on this from Facebook messenger. My go-to: (1) Gujarati and (2) Woodridge.

[@kudzo3920]

Hi Prof, I've come accross your channel and about one hour I learnt a lot. There is no way I would not subscribe to your channel. Your materials are great! Thank you very much for your efforts. May God bless you. But I have a request. Would you mind taking us through an estimation and discussion of SVAR (Structural VAR) model? Thank you very much in advance. Wish you all the best.

[@CrunchEconometrix]

Hi Veve, thanks for the encouraging feedback. Deeply appreciated! SVAR videos are on my to-do list but they will be uploaded to my Teachable paid platform cruncheconometrix.teachable.com whenever they are ready.

[@immaculatelum5102]

Good work you are doing well ma

[@CrunchEconometrix]

Thanks Immaculate, for the positive feedback. Deeply appreciated! ❤️🙏

[@okonkwochristian873]

Please ma how do one combine multiple dummy variables into one variable, for example in accounting environmental disclosure, we have various items with different dummy variables...how do I combine them all into environmental disclosure for analysis

[@CrunchEconometrix]

Hi Okonkwo, I have not done such procedure before. Combining dummy variables???

[@mbwanasalim6509]

Hello madam, on my side am very thankful of your efforts coz I have been learning a lot of stuffs through your lectures. But still I really would like to master XL stat as much as how I master Eviews, so my request is if possible please kindly prepare for us some lectures on how to use this statistical package. Will appreciate ❤️

[@CrunchEconometrix]

Thanks, Mbwana for the encouraging feedback... deeply appreciated. Not sure I'll be adding XL to my list of analytical software. Please bear with me 😊

[@AKGAMING-us1wq]

❤ Thank you soooo much Maam . All my friends & even my teacher Follows your channel. We all have Learned GMM from your videos. Our supervisors don't guide us in estimation techniques. We Learned from you & Show our supervisor Results & they just demand us paper publishedfrom us😂😂😂. From my Community i am highly thankful to you. Make more Videos on other Techniques & by using Software-R.

[@CrunchEconometrix]

I'm glad to hear this positive and encouraging feedback. My knowledge of R is quite low, but I intend to improve on it.

[@humblewilliam6916]

Very helpful

[@CrunchEconometrix]

Thanks for your encouraging feedback...deeply appreciated 🙏

[@douaaabazeed9736]

I neeed part 2 please

[@CrunchEconometrix]

The rest of the videos are uploaded on my Teachable paid platform cruncheconometrix.teachable.com

[@유니-g6c]

Ma'am, part 2 please

[@CrunchEconometrix]

Hi Tri, detailed videos on DUMMY VARIABLES IN PANEL DATA are available on my Teachable platform cruncheconometrix.teachable.com. One-off enrollment fee of $200 gives access to all videos published in the School.

[@immaculatelum5102]

Ma please I am interested in the class

[@CrunchEconometrix]

Hi Immaculate, a one-time enrollment fee of $200 grants you access to all videos published in the School cruncheconometrix.teachable.com

[@isuruchanaka794]

From sri lanka

[@CrunchEconometrix]

Much love from Nigeria ❤️

[@muteseosain8101]

Hello ma

[@CrunchEconometrix]

Hi Sir