- What are the good books available on all the Four Vedas in English
- What do Lord Vishnu and Lord Shiva do after 1 Kalpa when Brahmadev goes to sleep?
- How did the serpent Adisesha become bed for Lord Vishnu?
- What is difference between the roles of Manu and Prajapati?
- How is Akshaya Tritiya celebrated?
- Scriptural reference in Hindusim about shortness of human lives
- Why do Indian women wear Bichhia (Toe Rings)?
- Pronounce the word “Buddh” - phonetics
- SVOD and Social capabilities
- Grandma's Simple Puzzle Box
- Find the Cell Number, free the Mayor
- The very special matrix
- xgboost - How do I treat document ID in pairwise ranking
- SGD data should be randomly selected or sequentially feed?
- Blue Card and Bachelor of Fine Arts in Germany
- Combining freelance work with Kennismigrant work permit in Netherlands
- Which German language test would be more recognized for demonstrating “command of the language” when applying for the blue card/permanent re
- Arduino Uno max serial speed
- Function undermines all code
How to account for country business cycles in a panel analysis
My data is in panel format (countries by years): T=33 N=20 (or in another case 100).
The dependent variable is the unemployment rate.
I am interested in controlling for country-specific business cycles. The argument I face is that I would have to average across periods (i.e. taking 5-year averages of all my variables).
Are there other alternatives? Am I right in thinking this is a very crude treatment of the data and underlying information?
Unfortunately, I was not able to find literature which describes the best practices.
I have data on a small sample of OECD countries and a larger sample of very heterogeneous countries (including developing countries). I will include time fixed effects which should account for similar shocks across regions as well as the output-gap which should account for recessions in general.
Evidently, I can, however, not include time-country fixed effects.
Any help is highly appreciated.