Hello everyone,
I'm running an analysis with TSCS data and test statistics reveal the presence of autocorrelation and heteroskedasticity. I therefore opt for a Prais-Winsten transformation and calculate panel-corrected standard errors.
I use the command
-xptcse DV IV, correlation(ar1)-
I would now like to add country fixed effects to control for unobserved, time-invariant, country-specific factors but I haven't figured out how to do so. Any hints?
I hope my question makes sense as I'm relatively new to quantitative methods. Thank you very much in advance!
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