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
