I am currently working with a panel data in which I have 6 countries, and the analysis is for 10 years. That is $n=6$ and $t=10$. Is it a good panel?
I am really getting confused as people question me regarding the small number of observations. I can increase the value of $n$, but then the purpose of the paper would really change and there would be huge variation among different countries.
Can someone help me? Please refer to some papers that work with small $n$.