Hi all,
I'm running a fixed effects regression using an IV variable, but I'm wondering, do I need to have fixed effects in both stage 1 and stage 2? I see that fixed effects are automatically applied to both stages, but I'm not sure why. If I use fixed effects in stage 2, why do I need them in stage 1?
0 Response to XTIVREG, FE: needs to be FE in stage 1 and 2?
Post a Comment