Hello everyone,
I am currently working with dynamic panel data. The model I want to estimate using the Arellano-Bond estimator is the following:
logYi,t = αi + β0Si,t + γlogYi,t−1 + β1Si,t−1 + εi,t
where Yi,t is the logarithm of GDP per worker in country i (lrgdpw) in year t and S is educational attainment in years (edu25). We treat education as strictly exogenous. The variable t in the dataset identifies the year.
How exactly do I use the xtabond2 command to estimate the model? As in this case, I already have the lags of the variables in my model, I am unsure how I should use the command.
Thank you in advance!
BR,
Bruno
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