Instrumental Variable, combining datasets
Hello,
I am using an instrumental variable for trade openness to analyze the effect of trade openness on economic growth.
In my first dataset I have panel data from 1970 to 2015 for 109 countries and data on trade volume, GDP etc.
In my second dataset I have the population-weighted distances between the individual countries but of course without the annual dimension.
To do a two-stages-least-squares estimation, I tried to combine the datasetswith the merge command but it said: variable CountryCode does not uniquely identify observations in the master data
Also I am not sure how to deal with the summation in stata, is there some command I can use and to define which observations to use in the summation?
Could someone help me?
This is my instrumental variable:
Array
Thank you very much!
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