Hi Alok On 3 October 2012 17:28, Alok K Bohara, PhD <boh...@unm.edu> wrote: > I was wondering if there is any R package to estimate a two-or three > equation system in a panel setting. > > Say, I have 100 firms and their expenditure on wind generated power and > solar-generated power. > > S_i = X1_i*b1 + u1_i > W_i = X2_i* b2 + u2_i > > (X1 and X2 need not be the same.. but for simplicity, they could be assumed > to be similar) > > Now, I have this firm data set for 10 years... > > I looked at systemfit package and its "investment" example and the way it > uses plm package was not quite clear. Any help will be much appreciated.
Unfortunately, systemfit cannot (yet) apply panel data techniques (e.g. random effects or fixed effects) to estimate a system of equations. However, you can manually estimate a fixed effects model if you add dummy variables for individuals and/or time periods or estimate the model with "within transformed" data. Best wishes, Arne -- Arne Henningsen http://www.arne-henningsen.name ______________________________________________ R-help@r-project.org mailing list https://stat.ethz.ch/mailman/listinfo/r-help PLEASE do read the posting guide http://www.R-project.org/posting-guide.html and provide commented, minimal, self-contained, reproducible code.
