Proc Panel for dynamic panel models

KarimElsayed — Sat, 24 Oct 2020 15:06:04 GMT

Hello,

I am having an issue with running a GMM estimation with Proc Panel.

Using "Arellano-Bond GMM dynamic Regression"

I can"t find the outcome because of the following error:

" No residual in the model to analyze. Computations will not be performed."

Here is the code I'm using:

------------------------------------------------------------------------

libname thesis "C:\Users\user\Desktop\thesis";
proc import datafile="C:\Users\user\Desktop\thesis\panelorigdynamicnolib"
out=thesis.arabspring
dbms=xlsx
replace;
run;

proc panel data=thesis.arabspring;
id countryid year;
clag GDPC(1) / out=thesis.arabspringlagged;
run;

proc panel data = thesis.arabspringlagged;
id countryid year;
instruments depvar;
model GDPC = GDPC_1 TRDBAL FDI GGGD COC GE PS RL unemploy inflation populog AS GFC / gmm2 noint nolevels robust artest = 2 maxband = 13;
run;

--------------------------------------------------------------------------

5 Countries

15 years

1 DV

8 IVs

3 control variables

2 dummy variables

I'm trying to see the impact of the "Arap Spring revolutions" on the Economic Growth

I'm looking for your support

topic Proc Panel for dynamic panel models in Statistical Procedures

Proc Panel for dynamic panel models