E-views is a good place to start data analyzing. There are bunch of methods on E-Views for panel data analysis. If the results don't satisfying you can use Stata in advance.

Yes, Eviews software can be used to analyze the effects of various factors on income inequality using panel data analysis.

With Eviews, you can estimate a range of panel data models, including fixed effects, random effects, and pooled OLS models. These models can be used to estimate the effects of various factors on income inequality, such as changes in economic growth, education levels, tax policies, and social welfare programs.

Eviews also provides a range of tools for data visualization and exploration, which can help you identify trends and patterns in the data and visualize the relationships between different variables. These tools can be useful for generating insights into the factors that contribute to income inequality and for developing policy recommendations to address these issues.

Yes, you can do the quantitative analysis using GMM (Generalized method of moments). You can attempt dynamic panel estimation, and select GMM in the options.

yes sure why not used any E views software for the determination of income inequality.

FIND HOUSEHOLD DATA BY INCOME BRACKET AND THE NUMBER OR % OF THE SURVEY FOR EACH INCOME BRACKET. ESTMATE AN INCOME DISTRIBUTION MODEL SUCH AS SINGH-MADDALA, OR DAGUM AND SELECT THE BEST FITTING MODEL. SEE THE TEXTBOOK INCOME DISTRIBUTION, CAMPANO & SALVATORE,OXFORD UNIVERSITY PRESS

Yes, EViews software can be used for panel data analysis, and you can use it to determine the effects of various factors on income inequality. Panel data analysis is particularly useful for analyzing the relationships between variables that vary over time and across individuals or groups.

To use EViews for panel data analysis, you would need to import your panel data into the software and then specify the appropriate model and estimation method. There are various econometric techniques that you can use to analyze panel data, including fixed effects models, random effects models, and dynamic panel data models.

Once you have estimated your model, you can use EViews to generate various diagnostic tests to check the validity of your results. You can also use EViews to generate forecasts and conduct simulations to see how changes in different factors would affect income inequality over time.

It's worth noting that panel data analysis can be quite complex, and it requires a good understanding of econometric theory and statistical methods. So, it's important to have a solid background in these areas before attempting to use EViews or any other statistical software for panel data analysis.

@Debasmita Dey

Dear Dabasmita,

You can use Eview software (GMM) for the panel analysis.

Regards

Yes, you can.

Yes, it is possible with the Eviews software. You can do linear regression and analyzes of variance, to measure the effects of variables on income inequality.