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Re: st: RE: Generating dummies

From   "Michael S. Hanson" <[email protected]>
To   [email protected]
Subject   Re: st: RE: Generating dummies
Date   Tue, 21 Jun 2005 15:35:27 -0400

I'd bet on a less-than-completely careful application of FIPS codes...! ;)

-- Mike

On Jun 21, 2005, at 3:25 PM, Nick Cox wrote:

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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