Panel Data Analysis II —Fixed Effects, Random Effects, Correlated Random Effects
1 junho 2022, 12:00 • Hugo Castro Silva
Panel Data Analysis II — Fixed Effects, Random Effects, Correlated Random Effects
1. Fixed effects
- The within transformation.
- Time-demeaning variables.
- Estimating the within transformation with pooled OLS (POLS)
- Application (example 14.1)
- Effects that change over time, using FE
- Application (example 14.2)
- The dummy variable regression
- Fixed Effects vs First Differencing
- Fixed effects with unbalanced panels
2. Random effects
- Random effects: motivation
- Random effects: quasi-demeaned transformation
- Application (Example 14.4)
- RE vs POLS
- RE vs FE