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Re: st: Varying results for levpet

From   "Brian P. Poi" <>
Subject   Re: st: Varying results for levpet
Date   Mon, 08 Oct 2012 08:22:10 -0500

On 10/05/2012 04:38 PM, SAM MCCAW wrote:
Hi All,

I have run into an issue with my stata results when I run levpet
industry by industry.

When I run the following command for Levihnson-Petrin I get different
results each time.

eststo: levpet lnY if industry_no == 1, free (lnl) proxy (lnM) capital
(lnK1) revenue

For example, the first and second set of results are posted below. Is
this a similar effect to bootstrapping?

Thanks a lot.



-levpet- uses the bootstrap to obtain the standard errors, so you will get different standard errors each time unless you first set the random-number seed.  See -help seed- for information about setting the random-number seed.

   -- Brian Poi
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