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  • Need help with i.year output in areg

    Hello,
    Thanks for all the help I've received through this forum. I wanted to understand why I got 2 rows for the year dummies (one for year=1 and the other with year=0) whenever I use i.year in areg with industry fixed effects. the sample output is shown below. Can anyone help?

    (1)
    r_d
    ln_ind_small_5 -0.0247
    (-1.93)
    0.yearid1 0
    (.)
    1.yearid1 0.767***
    (4.26)
    0.yearid2 0
    (.)
    1.yearid2 0.935***
    (5.15)
    0.yearid3 0
    (.)
    1.yearid3 1.284***
    (6.87)
    0.yearid4 0
    (.)
    1.yearid4 0.473**
    (2.63)
    0.yearid5 0
    (.)
    1.yearid5 -0.242
    (-1.33)
    0.yearid6 0
    (.)
    1.yearid6 0.468**
    (2.58)
    0.yearid7 0
    (.)
    1.yearid7 1.015***
    (5.38)
    0.yearid8 0
    (.)
    1.yearid8 0.579***
    (3.32)
    0.yearid9 0
    (.)
    1.yearid9 0.591***
    (3.31)
    0.yearid10 0
    (.)
    1.yearid10 0.578**
    (3.17)
    0.yearid11 0
    (.)
    1.yearid11 0.584**
    (3.12)
    0.yearid12 0
    (.)
    1.yearid12 0.665***
    (3.42)
    0.yearid13 0
    (.)
    1.yearid13 1.493***
    (6.89)
    0.yearid14 0
    (.)
    1.yearid14 0.628**
    (3.15)
    0.yearid15 0
    (.)
    1.yearid15 0.811***
    (4.35)
    0.yearid16 0
    (.)
    1.yearid16 1.101***
    (5.76)
    0.yearid17 0
    (.)
    1.yearid17 1.006***
    (5.24)
    0.yearid18 0
    (.)
    1.yearid18 0.530**
    (2.95)
    0.yearid19 0
    (.)
    1.yearid19 0.470*
    (2.55)
    0.yearid20 0
    (.)
    1.yearid20 0.160
    (0.83)
    0.yearid21 0
    (.)
    1.yearid21 1.209***
    (5.94)
    0.yearid22 0
    (.)
    1.yearid22 0.634***
    (3.36)
    0.yearid23 0
    (.)
    1.yearid23 0.771***
    (4.10)
    0.yearid24 0
    (.)
    1.yearid24 0.645***
    (3.81)
    0.yearid25 0
    (.)
    1.yearid25 0
    (.)
    _cons 6.724***
    (21.58)
    N 115737
    adj. R-sq 0.648

    Thanks in advance.

  • #2
    It appears that you created the indicators beforehand and then used factor variable notation -i.yearid-. You should leave the year variable as continuous, the factor variable notation will create the indicators.

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