Code:
xtset ifscode year panel variable: ifscode (strongly balanced) time variable: year, 1996 to 2019 delta: 1 unit
Code:
. reghdfe f(0)lnfertility l(0/2)dum_recession l(1/2)lnfertility , absorb( i.ifscode year) vce(cluster ifscode) residuals(res) (MWFE estimator converged in 3 iterations) HDFE Linear regression Number of obs = 3,116 Absorbing 2 HDFE groups F( 5, 141) = 6592.37 Statistics robust to heteroskedasticity Prob > F = 0.0000 R-squared = 0.9998 Adj R-squared = 0.9998 Within R-sq. = 0.9493 Number of clusters (ifscode) = 142 Root MSE = 0.0190 (Std. Err. adjusted for 142 clusters in ifscode) ------------------------------------------------------------------------------- | Robust lnfertility | Coef. Std. Err. t P>|t| [95% Conf. Interval] --------------+---------------------------------------------------------------- dum_recession | --. | -.0013254 .0015998 -0.83 0.409 -.0044881 .0018372 L1. | -.0015468 .0011184 -1.38 0.169 -.0037579 .0006642 L2. | .000273 .0010136 0.27 0.788 -.0017309 .0022769 | lnfertility | L1. | 1.316072 .0545001 24.15 0.000 1.208329 1.423815 L2. | -.36521 .0512967 -7.12 0.000 -.4666201 -.2638 | _cons | .8267416 .1036365 7.98 0.000 .6218594 1.031624 ------------------------------------------------------------------------------- Absorbed degrees of freedom: -----------------------------------------------------+ Absorbed FE | Categories - Redundant = Num. Coefs | -------------+---------------------------------------| ifscode | 142 142 0 *| year | 22 0 22 | -----------------------------------------------------+ * = FE nested within cluster; treated as redundant for DoF computation
Code:
. predict r, resid (292 missing values generated) . xtunitroot fisher r, dfuller lags(0) (292 missing values generated) Fisher-type unit-root test for r Based on augmented Dickey-Fuller tests -------------------------------------- Ho: All panels contain unit roots Number of panels = 142 Ha: At least one panel is stationary Avg. number of periods = 21.94 AR parameter: Panel-specific Asymptotics: T -> Infinity Panel means: Included Time trend: Not included Drift term: Not included ADF regressions: 0 lags ------------------------------------------------------------------------------ Statistic p-value ------------------------------------------------------------------------------ Inverse chi-squared(284) P 2180.3843 0.0000 Inverse normal Z -34.7407 0.0000 Inverse logit t(714) L* -49.9196 0.0000 Modified inv. chi-squared Pm 79.5705 0.0000 ------------------------------------------------------------------------------ P statistic requires number of panels to be finite. Other statistics are suitable for finite or infinite number of panels. ------------------------------------------------------------------------------
Code:
. reghdfe f(0)dlnfertility l(0/2)dum_recession l(1/2)lnfertility , absorb( i.ifscode year) vce(cluster ifscode) residuals(res) (MWFE estimator converged in 3 iterations) HDFE Linear regression Number of obs = 3,116 Absorbing 2 HDFE groups F( 5, 141) = 52.36 Statistics robust to heteroskedasticity Prob > F = 0.0000 R-squared = 0.4073 Adj R-squared = 0.3735 Within R-sq. = 0.1755 Number of clusters (ifscode) = 142 Root MSE = 0.0190 (Std. Err. adjusted for 142 clusters in ifscode) ------------------------------------------------------------------------------- | Robust dlnfertility | Coef. Std. Err. t P>|t| [95% Conf. Interval] --------------+---------------------------------------------------------------- dum_recession | --. | -.0013254 .0015998 -0.83 0.409 -.0044881 .0018372 L1. | -.0015468 .0011184 -1.38 0.169 -.0037579 .0006642 L2. | .000273 .0010136 0.27 0.788 -.0017309 .0022769 | lnfertility | L1. | .3160717 .0545001 5.80 0.000 .2083288 .4238146 L2. | -.36521 .0512967 -7.12 0.000 -.4666201 -.2638 | _cons | .8267416 .1036365 7.98 0.000 .6218594 1.031624 ------------------------------------------------------------------------------- Absorbed degrees of freedom: -----------------------------------------------------+ Absorbed FE | Categories - Redundant = Num. Coefs | -------------+---------------------------------------| ifscode | 142 142 0 *| year | 22 0 22 | -----------------------------------------------------+ * = FE nested within cluster; treated as redundant for DoF computation
Code:
. predict r, resid (292 missing values generated) . xtunitroot fisher r, dfuller lags(0) (292 missing values generated) Fisher-type unit-root test for r Based on augmented Dickey-Fuller tests -------------------------------------- Ho: All panels contain unit roots Number of panels = 142 Ha: At least one panel is stationary Avg. number of periods = 21.94 AR parameter: Panel-specific Asymptotics: T -> Infinity Panel means: Included Time trend: Not included Drift term: Not included ADF regressions: 0 lags ------------------------------------------------------------------------------ Statistic p-value ------------------------------------------------------------------------------ Inverse chi-squared(284) P 2180.3843 0.0000 Inverse normal Z -34.7407 0.0000 Inverse logit t(714) L* -49.9196 0.0000 Modified inv. chi-squared Pm 79.5705 0.0000 ------------------------------------------------------------------------------ P statistic requires number of panels to be finite. Other statistics are suitable for finite or infinite number of panels. ------------------------------------------------------------------------------
many thanks for your valuable time and advice,
best regards .
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