I am estimating the Boone-indicator by using difference GMM. However modified the basic equation by including year dummies and the interaction of Ln(MC) with year dummies time ( t=1 to T) as explanatory variables instead of Ln(MC) only to estimate yearly Boone-indicator. I have got the estimate for the whole sample period but I am now confused how to get it for each year.
The equation is attached.
Thank you.
Your question regarding Boone the indicator is a little bit ambiguous. if you are calculating the Boone indicator for a time span, say (i.e., 2010-2020), then Dynamic difference or SYS-GMM perfectly make sense. However, since the Boone indicator is a yearly measure, therefore, you have to run a simple OLS model for each year to obtain the coefficient value of lnMC.
The command for STATA in my example can be "reg lny lnmc if year==2010"
repeat this regression for each year to obtain the coefficient value of lnMC (i.e., this value is your Boone indicator). Hope it would help you.