Dear Listers,
Does anyone have any idea on how to do the following in Stata?
I wish to generate a series of NT observations for variable X for an
artificial panel data generating process where
i = 1,...,N = 50
t =1,..., T = 10
X_i,t = 0.1*t + 0.5*X_i,t-1
The initial values are X_i,0 = 5 + 10w_i,0
where w_i,t ~N(0,1)
_it denote subscript of the individual i at time t.
The above was taken from Baltagi(1981)
Pat
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