- Can publisher alter or invent writing and attribute that to the author without consultation?
- NFL fields missing team logo
- How much does a full/empty jetboil canister weigh?
- Could ketosis be therapeutic for ADHD based on the neuro-energetic theory of attention?
- Why does NDSolve work with an initial condition but not a final condition?
- Generalization of the probability of union
- DynamicModule with ExampleData
- Using Manipulate and ListLinePlot
- How to solve 3D heat equation with Neumann B.C
- How does hypercalcemia shorten the Q-T interval?
- Question on the concept of mitochondrial Eva
- Units of parameters in epidemiological model
- Help me identify these two ants
- Are humans the only animal that requires “clean water”?
- Why are newly grown leaves red?
- Does describing a woman as 帅 (shuài; handsome) imply she is mannish?
- Where to find high res versions of old music videos?
- What was the movie where the mafia kidnaps the Nielsen families?
- How many of Japan's 29 lost Pearl Harbor aircraft have been accounted for?
- What are examples from Renaissance period of a relationship of erotic nature between a teacher and a student or during transmission of knowl
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.