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st: RE: dmexogxt - operator not allowed


From   "Martin Weiss" <[email protected]>
To   <[email protected]>
Subject   st: RE: dmexogxt - operator not allowed
Date   Sat, 13 Mar 2010 22:13:05 +0100

<>

It is easy to trigger this behavior, by introducing collinearity:

*************
sysuse auto, clear
gen mpg2=2*mpg
xtivreg price mpg* (weight turn=length displ gear_ratio trunk), fe i(rep78)
dmexogxt
*************

-findit dmexogxt- does not seem to be up to date with Stata 11 - yet.


HTH
Martin


-----Original Message-----
From: [email protected]
[mailto:[email protected]] On Behalf Of Lim Boon Leong
Sent: Samstag, 13. März 2010 03:03
To: [email protected]
Subject: st: dmexogxt - operator not allowed

Dear Statalists,

I am trying to run the Davidson and Mackinnon (1993) test to see whether I
should use OLS vs IV estimation for my model.  After estimating the model by
using xtivreg, fe which run smoothly, I encountered the error message below
although I had installed the program: 

 . dmexogxt
o. operator not allowed
r(101); 

Results are appended as below:

. xtivreg lsalary ceodual ined remcom1 extblock1 L.lmktbk L.roa L.ret
L.ltotasset yr02 yr
> 03 yr04 yr05 yr06 yr07 (ownexr ownex2r ownex3r L.ldiv L.debt=lrisk lsale
lsale2 ks ks2 
> ys ik L2.ldiv L.roe L.ltangible L2.debt), fe small
note: yr02 omitted because of collinearity
note: yr03 omitted because of collinearity
note: yr07 omitted because of collinearity

Fixed-effects (within) IV regression         Number of obs      = 537
Group variable: id                           Number of groups   = 156

R-sq:  within  =      .                      Obs per group: min = 1
       between = 0.0023                                     avg = 3.4
       overall = 0.0062                                     max = 4

                                                F(172,365)      = 2.63
corr(u_i, Xb)  = -0.6181                        Prob > F        = 0.0006

----------------------------------------------------------------------------
--
     lsalary |      Coef.   Std. Err.      t    P>|t|     [95% Conf.
Interval]
-------------+--------------------------------------------------------------
--
      ownexr |  -8.951651   23.18508    -0.39   0.700    -54.54475
36.64145
     ownex2r |   15.30009   78.55899     0.19   0.846     -139.185
169.7851
     ownex3r |  -11.44874   71.64421    -0.16   0.873     -152.336
129.4385
             |
        ldiv |
         L1. |   .0079697   .0767799     0.10   0.917    -.1430168
.1589563
             |
        debt |
         L1. |   .6239427   1.174232     0.53   0.595    -1.685166
2.933052
             |
     ceodual |   .5922049   .3692546     1.60   0.110    -.1339287
1.318338
        ined |  -.4046325   .8446733    -0.48   0.632    -2.065669
1.256404
     remcom1 |   .0725139   .1588055     0.46   0.648    -.2397748
.3848026
   extblock1 |   .0014402   .0121892     0.12   0.906    -.0225296
.02541
             |
      lmktbk |
         L1. |    .092428   .0844485     1.09   0.274    -.0736386
.2584946
             |
         roa |
         L1. |   .2542149   .6569648     0.39   0.699    -1.037696
1.546126
             |
         ret |
         L1. |   -.057332   .0642229    -0.89   0.373    -.1836253
.0689613
             |
   ltotasset |
         L1. |    .043701   .2100873     0.21   0.835    -.3694323
.4568344
             |
        yr02 |  (omitted)
        yr03 |  (omitted)
        yr04 |  -.2051483   .0844486    -2.43   0.016    -.3712153
-.0390814
        yr05 |  -.1572545   .0588233    -2.67   0.008    -.2729297
-.0415793
        yr06 |  -.0544535   .0468781    -1.16   0.246    -.1466386
.0377315
        yr07 |  (omitted)
       _cons |   14.44909   3.710179     3.89   0.000     7.153082
21.7451
-------------+--------------------------------------------------------------
--
     sigma_u |  1.1169955
     sigma_e |  .31768916
         rho |  .92516239   (fraction of variance due to u_i)
----------------------------------------------------------------------------
--
F  test that all u_i=0:     F(155,365) =    15.66         Prob > F    =
0.0000
----------------------------------------------------------------------------
--
Instrumented:   ownexr ownex2r ownex3r L.ldiv L.debt
Instruments:    ceodual ined remcom1 extblock1 L.lmktbk L.roa L.ret
L.ltotasset yr04 yr05
                yr06 lrisk lsale lsale2 ks ks2 ys ik L2.ldiv L.roe
L.ltangible L2.debt
----------------------------------------------------------------------------
--

. dmexogxt
o. operator not allowed
r(101);

Please advice.

Thank you in advance.

Best regards,

Boon Leong 

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