Dear all,
I am trying to run an xtlogit random effects model on panel data (89 countries, 45 years) with errors dually clustered on id and year. I have tried using vcemway, in the model
vcemway logit crisisbanking creditbonanzal1 meancreditbonanza var55 var57 var70, cluster(id year)
however it returns the error message "option cluster() not allowed". I have also tried generating a double cluster variable (egen dbl_clstr = group(id year)) and running
xtlogit crisisbanking creditbonanzal1 meancreditbonanza var55 var57 var70, vce(dbl_clst)
however this also doesn't work, returning the error message "panels are not nested within clusters".
How can I dually cluster my errors sucessfully?
For reference, my model is vcemway logit crisisbanking creditbonanzal1 meancreditbonanza var55 var57 var70, cluster(id year)
My data looks
Thanks in advance,
Chris
I am trying to run an xtlogit random effects model on panel data (89 countries, 45 years) with errors dually clustered on id and year. I have tried using vcemway, in the model
vcemway logit crisisbanking creditbonanzal1 meancreditbonanza var55 var57 var70, cluster(id year)
however it returns the error message "option cluster() not allowed". I have also tried generating a double cluster variable (egen dbl_clstr = group(id year)) and running
xtlogit crisisbanking creditbonanzal1 meancreditbonanza var55 var57 var70, vce(dbl_clst)
however this also doesn't work, returning the error message "panels are not nested within clusters".
How can I dually cluster my errors sucessfully?
For reference, my model is vcemway logit crisisbanking creditbonanzal1 meancreditbonanza var55 var57 var70, cluster(id year)
My data looks
id | year | creditbonanzal1 | meancreditbonanza | var55 | var57 | var70 |
Chris
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