Dear Statalist,
I have panel data with N=1500 and T=50,000. Because the model has lag dependent variable, I would like to use dynamic model using GMM. However, I understand that the GMM is efficient for large N and small T.
Can I use this GMM model or just use fixed effect model instead?
Thank you for the comment.
I have panel data with N=1500 and T=50,000. Because the model has lag dependent variable, I would like to use dynamic model using GMM. However, I understand that the GMM is efficient for large N and small T.
Can I use this GMM model or just use fixed effect model instead?
Thank you for the comment.