Hello everyone,
I would like to add a trend variable in my Tobit model since I was adviced not to use a fixed effect (i.Year). My panel data consists of 183 municipalities observed from the year 2003 to 2016. (=2562 no of obs)
I used a cmd:
by Municipality: gen Trend=_n
I wonder if this is correct?
Thanks in advance.
Best regards,
Annaliza
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