Hi everyone,
I am using PANEL ARDL in a study I am undertaking. As I am new to the technique I would like some advice. In my dataset I have a dummy variable denoted by ones and zeroes in the t which i know is right.
When I type the XTPMG command followed by the dependent variable and the regressors which indicate the short run relationship I include the dummy variable among them. I also do the same when the variables are typed in brackets which illustrates the long run relationship. Is this right?
Also does the dummy have to be interacted with the regressors?
By the way I have read some papers where Panel ARDL was used and I have contacted the authors but they have not responded thus far, hence the reason for this post.
Can anyone please advise?
Thanks in advance.
I am using PANEL ARDL in a study I am undertaking. As I am new to the technique I would like some advice. In my dataset I have a dummy variable denoted by ones and zeroes in the t which i know is right.
When I type the XTPMG command followed by the dependent variable and the regressors which indicate the short run relationship I include the dummy variable among them. I also do the same when the variables are typed in brackets which illustrates the long run relationship. Is this right?
Also does the dummy have to be interacted with the regressors?
By the way I have read some papers where Panel ARDL was used and I have contacted the authors but they have not responded thus far, hence the reason for this post.
Can anyone please advise?
Thanks in advance.
