Dear Statalist,
I am working on my dissertation which includes an analysis of macroeconomic data such as GDP and trade. As I do not have much previous experience with macroeconomic data, I have a few questions regarding stationarity in panel data.
1. If the dependent variable exhibits stationarity, is it required that all of the independent variables exhibit stationarity as well?
2. If non-stationarity is found within one of the independent variables, should every included variable be first-differenced/detrended or is this only required for the independent variables that exhibit non-stationarity?
3. Should stationarity also be tested for in instruments used for a two-stage least squares regression?
Kind regards,
Camille Smith
Related Posts with Stationarity in Macroeconomic Panel Data
svy: how to get mean and standard deviationHey all I am trying to get the mean and the standard deviation from a variable. I know how to do it…
Some questions about lsdvcGood evening, I m a Vietnamese girl. I am really happy to meet you all. I need your help on an issue…
Combine Graphs with conditionsHi, I created two graphs using the following commands Graph 1 graph hbar (asis) avg? , over(yaxis,…
Guidance for estimating multilevel survival models with "mi" (multiple imputation)Dear Statalist members, I am using Stata 15.1 (last updated 15 oct 2018). I am asking for general a…
Dropping dupliate dates by personHello, I am working with claims data and trying to drop duplicate dates by person in order to identi…
Subscribe to:
Post Comments (Atom)
0 Response to Stationarity in Macroeconomic Panel Data
Post a Comment