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In biostatistics, fixed-effects may mean population-average effects. In econometrics, fixed-effects may represent the observed quantities in terms of explanatory variables that are treated as if the quantities were non-random.

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Interpretation of interaction term coefficient in fixed effects estimation

I have balanced panel data for 14 industries and 21 years. The data consists of several variables with annual observations. Based on theoretical reasoning and visual data inspection I assume that ther …
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