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RE: st: RE: Generating dummies

From   "Nick Cox" <[email protected]>
To   <[email protected]>
Subject   RE: st: RE: Generating dummies
Date   Tue, 21 Jun 2005 20:25:23 +0100

It is interesting to learn, from a surprising source, 
that the United States has recently added six more 
states. Do their people have votes? Do they know about their 
new status? Or this just a short-hand for Puerto Rico, 
etc., etc.? 

[email protected] 

> Thanks a lot. The idea is to create 55 dummies [for 56 
> states] so that I can 
> code 1 for a firm located in any state (say) Michigan for all 
> years. This is 
> to control for performance differences across firms 
> attributed to their 
> differences in locations.

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