Dear all,
yes, of course the first thing I would do is tssetting the dataset
after having changed the time variable in such a way that the minimal
interval is 1, as Nick suggests. (in this case: replace year =
year/5).
But then again, I still don't know how to estimate a dynamic panel in
this case, where some observations are 1 time unit apart, some are 2
units apart, some are 4 units apart.
Would, alternatively, -xtregar- be a decent subsitute? If I can't
model the exact dynamic evolution of the dependent variable, could it
be meaningful to subsume the dynamics under an autocorrelated error
term?
Thanks for your thoughts on this.
Augusto
On Mon, Aug 4, 2008 at 1:45 PM, Nick Cox <[email protected]> wrote:
> You may be slightly better off using something like year/5 for your time variable. Otherwise no magic fix is apparent to me.
>
> Nick
> [email protected]
>
> Augusto Cadenas
>
> what if you have a very normal panel data set, with the DV being
> measured in all panels at the same time (as opposed to Ken's dataset),
> but the time periods are unevenly spaced? In my specific case, 20
> years apart at the beginning of the dataset, 10 years after that, and
> 5 years towards the end. I am very reluctant to drop observations in
> order to achieve evenly spaced intervals. What if one now wants to
> estimate a dynamic panel in this case?
>
> The problem I am thinking of is that if the autocorrelation factor is
> equal to, say, "a" for two periods that are 5 years apart, it should
> be "a^2" for two periods that are ten years apart, and "a^4" in the
> earliest part of the dataset.
>
> Does anyone of you know whether this problem has been dealt with in
> the literature in the past, (and if there are any implementations for
> that in stata)?
>
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