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From | "Martin Weiss" <martin.weiss1@gmx.de> |
To | <statalist@hsphsun2.harvard.edu> |
Subject | AW: st: RE: RE: estimation with a time trend. |
Date | Mon, 5 Jul 2010 15:22:52 +0200 |
<> The coeff for "t" will stay the same, then, no matter how you "center" it: ************* use http://www.stata-press.com/data/r11/nlswork, clear egen t=group(year) xtreg ln_wage wks_work tenure south nev_mar age t, fe vce(robust) replace t=t-7 xtreg ln_wage wks_work tenure south nev_mar age t, fe vce(robust) replace t=t-3 xtreg ln_wage wks_work tenure south nev_mar age t, fe vce(robust) ************* HTH Martin -----Ursprüngliche Nachricht----- Von: owner-statalist@hsphsun2.harvard.edu [mailto:owner-statalist@hsphsun2.harvard.edu] Im Auftrag von natasha agarwal Gesendet: Montag, 5. Juli 2010 15:06 An: statalist@hsphsun2.harvard.edu Betreff: Re: st: RE: RE: estimation with a time trend. On Mon, Jul 5, 2010 at 2:01 PM, Nick Cox <n.j.cox@durham.ac.uk> wrote: > Your original question was > > "I was trying to estimate a production function with an unbalanced > firm-year panel data and wanted to include a time trend. However I was > not sure if the time trend was created correctly. > > egen t=group(year) > > I was wondering if anyone could please tell me if this was correct?" > > Who knows whether the commands you are using "mean center" the data if > you do not tell us what they are? I am sorry about this. I issue the following line of commands: egen t=group(year) xtreg lnrval lnk lnw lnvfdi t, fe vce(robust) Thanks Natasha > Nick > n.j.cox@durham.ac.uk > > natasha agarwal > > On Mon, Jul 5, 2010 at 1:14 PM, Maarten buis <maartenbuis@yahoo.co.uk> > wrote: > >> --- On Mon, 5/7/10, natasha agarwal wrote: >>> I am afraid I did not understand "year- (or -year- >>> MINUS> midpoint) for interpretability?" >> >> Say you have a variable representing year of birth >> ranging between 1910 and 1980. I would then usually >> have a line like this in my do-file: >> >> gen c_year = year - 1910 >> >> Afterwards I would use c_year instead of year. In >> this case "midpoint" is 1910, and makes sure that >> your new variable is shifted to the left such that >> it has the value zero in 1910. This makes sure >> that the baseline in your models refer to a point >> at the beginning of your observed period. This is >> particularly important if you include interactions >> or if you care about the constant (e.g. in a random >> effects model) > > I am estimating the model with a within estimator. I thought that they > mean center the data anyways? > > > * > * For searches and help try: > * http://www.stata.com/help.cgi?search > * http://www.stata.com/support/statalist/faq > * http://www.ats.ucla.edu/stat/stata/ > * * For searches and help try: * http://www.stata.com/help.cgi?search * http://www.stata.com/support/statalist/faq * http://www.ats.ucla.edu/stat/stata/ * * For searches and help try: * http://www.stata.com/help.cgi?search * http://www.stata.com/support/statalist/faq * http://www.ats.ucla.edu/stat/stata/