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Panel Data Analysis Fixed and Random Effects using Stata ...

Panel Data Analysis Fixed and Random Effects using Stata (v. ) Oscar Torres-Reyna December 2007 PU/DSS/OTRI ntroPanel data (also known as longitudinal or cross-sectional time-series data) is a dataset in which the behavior of entities are observed across entities could be states, companies, individuals, countries, data looks like thiscountryyearYX1X2 data allows you to control for variables you cannot observe or measure like cultural factors or difference in business practices across companies.

(country, person, company, etc.). Each entity has its own individual characteristics that may or may not influence the predictor variables (for example, being a male or female could influence the opinion toward certain issue; or the political system of a particular

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