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2009 Feb 07
1
fixed effects regression
...ase. I am pretty sure this would not have any fundamental error. Well, hopefully. I have been using this code for a while..) And does anyone know how I can include another fixed effect into this code? :( Any help will be deeply appreciated.... feols = function(y,X,id) { n = length(y); uniq_id = unique(id); n_id = length(uniq_id); dummy = matrix(rep(0,n*(n_id-1)),nrow=n); for (i in 1:(n_id-1)) dummy[id==uniq_id[i],i] = 1; X = cbind(rep(1,n),X,dummy); k = ncol(X); invXX = solve(t(X) %*% X); b = as.numeric(invXX %*% (t(X) %*% y)); res = y - X%*%b...