Stata is the best with Panel data. either with FE and RE or GMM.

you can pay it online

Hi,

The best software to run Panel data Analysis:

The following LIMDEP, STATA, and SAS.  Although all three packages have procedures dedicated to panel data analysis, LIMDEP and STATA appear to have a particularly rich variety of  panel analytic procedures. All three packages have fixed and random effects models, can handle balanced or unbalanced panels, and have one- or two-way random and fixed effects models.

Although LIMDEP and STATA have the both Hausman and Sargan tests for specification, SAS has only the Hausman specification test. Both LIMDEP and STATA have the Hausman and Taylor estimator for random effects. All three packages have procedures that can correct for autocorrelation in the models.  LIMDEP and STATA have Arellano, Bond and Bover's estimator for dynamic panel models, whereas SAS uses the Parks method. L

IMDEP, STATA, and SAS procedures can handle group wise heteroskedasticity in the random effects model.  LIMDEP and  STATA have the Hildreth, Houck, and Swamy random coefficients model.  Stata has xtreg for performing a random coefficient analysis with only a random intercept.  When more than one random coefficient has to be analyzed, one can use the gllamm (generalized linear latent and mixed models) procedure given in Twisk, 2003.  SAS can perform this kind of analysis with its Mixed procedure.  STATA and LIMDEP have procedures for panel corrected standard errors.  SAS has a variance component moving average De Silva et al. procedure.

I would see what help and expertise is available locally. My own preference is for Stata, because it's a powerful package when it comes to data cleaning and verification as well as statistical analysis. But if there's no-one on site to help, and there's an EVIEWS geek in the next office, that's a strong argument.

The other factor is your intended analysis. Stata's econometrics capabilities are very extensive, and there are many user-written commands to extend these capabilities. But you should check your analysis plan against the capabilities of each of the packages.

E Views is more user-friendly, (i have extensively used it!), can be self taught - depending upon your analysis-needs, and easy to procure and use. There is a good user guide supplied alongwith the package. I found it very useful for Time series data analysis. You always get a E Views geek closeby who can handhold you in case of need.

Thanks for your suggestion and recommendations Dr. S. Durai Rajan, Ronal Michael, Senthilvel Vasudevan and Ali. 

Stata may be the best for panel data model either micro/macro panel. You can also consider R, if you need a free software. Please see http://cran.r-project.org/web/packages/plm/vignettes/plm.pdf

Stata is the best for panel data

STATA can handle both time series and panel data analysis. Also the supporting environment i.e. forums etc and access to users written commands make STATA one of the best, if not The  Best. During my PhD I started using Eviews for my data analysis and stucked at a point where I discovered that Eviews had no options for panel data regression diagnostics. At that point I discovered STATA and its a reliable companion since then. 

Both Stata and Eview are great. Of course in panel Stata is dominant. SAS is useful for handling big data and gives you the liberty to write your own code and macros.

Eviews and others look pale in comparison to both Stata and Limdep. The upshot is that while the former enjoys the advantage of having a very large audience and contributors, the second benefits from the extraordinary discrete modelling expertise of its author, William Greene. Stata has the added advantage of superior data management which Limdep(Nlogit) clearly lacks. On the other hand, Limdep has latent class, random parameter options available for all models (CS and Panel) , something Stata does not have. Anyone having both packages is definitely out ahead by a mile.

Eviews is very useful for time series data compared to spss but very easy to use compared to stata

for Panel data is good if you try use STATA. Alternatively, Eviews can help you with some panel data models but not advanced GMM as example.

Can I use STATA for Heteroskedasticity Test and Serial Correlation test and use Eviews for Fixed, random, hausman test and GMM? Can I use STATA and Eviews together in one paper?

Stata is better for removing heteroscedasticity through white test and stata helps to choose fixed or random effect through hausman test which is evaluated through commands

Hi Sadia, there is no reason why you can not use both Stata and Eviews in the same paper as they should give exactly the same results.

It would however make more sense in terms of time management to focus on one language and use it for your whole paper. So in your case, I would focus on Stata, a superior language for panel data econometrics, and run all your studies with it. Especially as " Fixed, random, hausman test and GMM" are very straight forward to run in Stata once the data is set up.

May I know that Eviews support for tobit and poisson type regression analysis for panel data?