So far the advice I got on this forum has helped me greatly, however I'm still struggling with one question.
I defined the overall performance of an FSP as four dependent variables, which are
- portfolio at risk
- operating expense ratio
- operational self sufficiency and
- return on assets
Now after testing whether I can apply RE or FE (with the Mundlak devide Mr. Wooldridge recommendet in this post), I found RE to be consistent for two of those models, and inconsistent for the other two, implying I have to use FE (or at least that I can't use RE) for the latter.
I'm wondering, can I run RE on two models, FE on the other two and still make a general statement concerning the performance?
My intution tells me yes as results for both models should be consistent, however I haven't found any literature concerning this and I don't want to make an obvious mistake.
Any literature recommendation is also appreciated!
Thanks in advance!
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