What is meant by a fixed effects model (FEM)? Since panel data have both time and space

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What is meant by a fixed effects model (FEM)? Since panel data have both time and space dimensions, how does FEM allow for both dimensions?

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Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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Question Posted: May 29, 2018 03:19 AM

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What is meant by a fixed effects model (FEM)? Since panel data have both time and space

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In a fixed effects model FEM we allow each micro...View the full answer

Basic Econometrics

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