Dear Christopher,
thanks a lot for your answer.
However, I'd like to run a fixed effects-estimation and xtabond is,
at least as far as I have understood, a random effects-estimator.
Any idea how to proceed in this case?
Martin Mathes
On 16 Oct 2004 at 14:57, Christopher F Baum wrote:
> Martin said
>
> testing for autocorrelation after xtreg is done usually by xtserial.
> But what to do if xtreg includes lagged dependant variables? And what
> to do after xtivreg?
>
> If the model includes LDVs xtreg is not the appropriate estimation
> technique in any case. Use xtabond or (preferably) xtabond2. Both
> handle instrumental variables and provide tests for 1st and 2d order
> serial correlation in the errors.
>
> Kit Baum, Boston College Economics [email protected]
> http://ideas.repec.org/e/pba1.html
>
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Martin Mathes
Universit�t Trier
FB IV - VWL
Europ�ische Wirtschaftspolitik
D-54286 Trier
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e-mail: [email protected]
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