The PANEL Procedure
- Overview
- Getting Started
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Syntax
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DetailsSpecifying the Input DataSpecifying the Regression ModelUnbalanced DataMissing ValuesComputational ResourcesRestricted EstimatesNotationOne-Way Fixed-Effects ModelTwo-Way Fixed-Effects ModelBalanced PanelsUnbalanced PanelsFirst-Differenced Methods for One-Way and Two-Way ModelsBetween EstimatorsPooled EstimatorOne-Way Random-Effects ModelTwo-Way Random-Effects ModelParks Method (Autoregressive Model)Da Silva Method (Variance-Component Moving Average Model)Dynamic Panel EstimatorLinear Hypothesis TestingHeteroscedasticity-Corrected Covariance MatricesHeteroscedasticity- and Autocorrelation-Consistent Covariance MatricesR-SquareSpecification TestsPanel Data Poolability TestPanel Data Cross-Sectional Dependence TestPanel Data Unit Root TestsLagrange Multiplier (LM) Tests for Cross-Sectional and Time EffectsTests for Serial Correlation and Cross-Sectional EffectsTroubleshootingCreating ODS GraphicsOUTPUT OUT= Data SetOUTEST= Data SetOUTTRANS= Data SetPrinted OutputODS Table Names
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Example
- References
The statements and options used with the PANEL procedure are summarized in the following table.
|
Description |
Statement |
Option |
|---|---|---|
|
Data Set Options |
||
|
Includes correlations in the OUTEST= data set |
PANEL |
CORROUT |
|
Includes covariances in the OUTEST= data set |
PANEL |
COVOUT |
|
Specifies the input data set |
PANEL |
DATA= |
|
Specifies variables to keep but not transform |
FLATDATA |
KEEP= |
|
Specifies the output data set for CLASS STATEMENT |
CLASS |
OUT = |
|
Specifies the output data set |
FLATDATA |
OUT = |
|
Specifies the name of an output SAS data set |
OUTPUT |
OUT= |
|
Writes parameter estimates to an output data set |
PANEL |
OUTEST= |
|
Writes the transformed series to an output data set |
PANEL |
OUTTRANS= |
|
Requests that the procedure produce graphics via the Output Delivery System |
PANEL |
PLOTS= |
|
Declaring the Role of Variables |
||
|
Specifies BY-group processing |
BY |
|
|
Specifies the classification variables |
CLASS |
|
|
Transfers the data into uncompressed form |
FLATDATA |
|
|
Specifies the cross section and time ID variables |
ID |
|
|
Declares instrumental variables |
INSTRUMENTS |
|
|
Lag Generation |
||
|
Specifies output data set for lags where missing values are replaced with the cross section mean |
CLAG |
OUT= |
|
Specifies output data set for lags with missing values included |
LAG |
OUT= |
|
Specifies output data set for lags where missing values are replaced with the time period mean |
SLAG |
OUT= |
|
Specifies output data set for lags where missing values are replaced with overall mean |
XLAG |
OUT= |
|
Specifies output data set for lags where missing values are replaced with zero |
ZLAG |
OUT= |
|
Printing Control Options |
||
|
Prints correlations of the estimates |
MODEL |
CORRB |
|
Prints covariances of the estimates |
MODEL |
COVB |
|
Suppresses printed output |
MODEL |
NOPRINT |
|
Requests that the procedure produce graphics via the Output Delivery System |
MODEL |
PLOTS= |
|
Prints fixed effects |
MODEL |
PRINTFIXED |
|
Performs tests of linear hypotheses |
TEST |
|
|
Model Estimation Options |
||
|
Requests the R |
MODEL |
BFN |
|
Requests the Baltagi and Li joint Lagrange multiplier (LM) test for serial correlation and random cross-sectional effects |
MODEL |
BL91 |
|
Requests the Baltagi and Li LM test for first-order correlation under fixed effects |
MODEL |
BL95 |
|
Requests the Breusch-Pagan test for one-way random effects |
MODEL |
BP |
|
Requests the Breusch-Pagan test for two-way random effects |
MODEL |
BP2 |
|
Requests the Bera, Sosa Escudero, and Yoon modified Rao’s score test |
MODEL |
BSY |
|
Specifies the between-groups model |
MODEL |
BTWNG |
|
Specifies the between-time-periods model |
MODEL |
BTWNT |
|
Requests the Berenblut-Webb statistic for serial correlation under fixed effects |
MODEL |
BW |
|
Requests cross-sectional dependence tests |
MODEL |
CDTEST |
|
Requests the clustered HCCME estimator for the covariance matrix |
MODEL |
CLUSTER |
|
Specifies the Da Silva method |
MODEL |
DASILVA |
|
Requests the Durbin-Watson statistic for serial correlation under fixed effects |
MODEL |
DW |
|
Specifies the one-way fixed-effects model |
MODEL |
FIXONE |
|
Specifies the one-way fixed-effects model with respect to time |
MODEL |
FIXONETIME |
|
Specifies the two-way fixed-effects model |
MODEL |
FIXTWO |
|
Specifies the first-differenced methods for one-way models |
MODEL |
FDONE |
|
Specifies the first-differenced methods for one-way models with respect to time |
MODEL |
FDONETIME |
|
Specifies the first-differenced methods for two-way models |
MODEL |
FDTWO |
|
Specifies the Moore-Penrose generalized inverse |
MODEL |
GINV = G4 |
|
Requests the Gourieroux, Holly, and Monfort test for two-way random effects |
MODEL |
GHM |
|
Specifies the dynamic panel estimator model (one-step GMM) |
MODEL |
GMM1 |
|
Specifies the dynamic panel estimator model (two-step GMM) |
MODEL |
GMM2 |
|
Requests the HAC estimator for the variance-covariance matrix |
MODEL |
HAC= |
|
Requests the HCCME estimator for the covariance matrix |
MODEL |
HCCME= |
|
Requests the Honda test for one-way random effects |
MODEL |
HONDA |
|
Requests the Honda test for two-way random effects |
MODEL |
HONDA2 |
|
Specifies the dynamic panel estimator model (iterated GMM) |
MODEL |
ITGMM |
|
Requests the King and Wu test for two-way random effects |
MODEL |
KW |
|
Specifies the order of the moving average error process for Da Silva method |
MODEL |
M= |
|
Suppresses the intercept term |
MODEL |
NOINT |
|
Specifies the Parks method |
MODEL |
PARKS |
|
Prints the |
MODEL |
PHI |
|
Specifies the pooled model |
MODEL |
POOLED |
|
Requests poolability tests for one-way fixed effects and pooled model |
MODEL |
POOLTEST |
|
Specifies the one-way random-effects model |
MODEL |
RANONE |
|
Specifies the two-way random-effects model |
MODEL |
RANTWO |
|
Prints autocorrelation coefficients for Parks method |
MODEL |
RHO |
|
Controls the check for singularity |
MODEL |
SINGULAR= |
|
Specifies the method for panel unit root/stationarity test |
MODEL |
UROOTTEST= |
|
Specifies the method for the variance components estimator |
MODEL |
VCOMP= |
|
Specifies linear equality restrictions on the parameters |
RESTRICT |
|
|
Specifies the TEST statement |
TEST |
WALD, LM, LR |
|
Requests the Wooldridge (2002) test for the presence of unobserved effects |
MODEL |
WOOLDRIDGE02 |
