Programme Details

Quantitative Banking and Finance Research V:
Modelling Micro Panels

Quantitative Banking and Finance Research V:
Modelling Micro Panels


Date: 15th – 19th February 2021   5 Days
Time: 9:00am - 1:00pm
Mode: Online
Location: Virtual Event

  • This programme provides knowledge on advanced tools and techniques of applied statistics while working on economic and financial data. It exposes relevant examples and exercises on real economic development and financial issues in financial sectors.
  • Participants will also get hands-on experience in using data analysis tool namely Stata Software.

Learning Objectives

  • Update contemporary issues in banking and finance as well as potential research agenda.
  • Illustrate the econometrics and implementation of micro panel data modelling.
  • Discuss in detail endogeneity and causality issues related to estimation of panel-data models.
  • To gain hands-on experience on model estimation using STATA.
  • To gain hands-on experience on model estimation using STATA.

Who Should Attend?

  • Young Academic Faculty
  • Master’s and PhD Students (Economics, Finance and related disciplines)
  • Research Assistants
  • Researcher
  • Financial analyst

  • Basic econometrics knowledge is prerequisite for those who are interested to participate in the workshop.
  • Participants preferably should have their draft papers to optimise the benefit of the workshop.
Programme Fees (RM)
Students 500

Max number of participants: 40

Professional 500
Academic 500
*The above fee is exclusive of 6% SST tax

  • Certificate of Attendance will be only given to participants who attend the workshop in full.
  • Refund is only available for cancellation within this period of time;
    • 50% refund for cancellation received in writing no later than 2 weeks prior to the workshop’s dates.
    • 25% refund for cancellation received in writing within 2 weeks from the workshop’s dates.

Day 1




9.00am – 10.30am
  • Introduction to Panel Modelling
  • Model Specification
  • Assumptions and Issues in Micro Panel Modelling
10.30am – 10.40am Break
10.40am – 1.00pm
  • Static Panel Models – POLS, FE, RE
  • Static Panel Models with Endogeneity
  • Static Panel Models with Time-Invariant Variables – HT
1.00pm End of Day 1

Day 2




9.00am – 10.30am
  • Static Panel Models (Continues)
  • Hands-on
10.30am – 10.40am Break
10.40am – 11.40am
  • Static Panel Models (Continues)
11.40am – 11.50am Break
11.50am – 1.00pm
  • Introduction to Dynamic Panel Models
  • Model Specification
  • FE Bias in Dynamic Model Estimation
1.00pm End of Day 2

Day 3




9.00am – 11.00am
  • Addressing Endogeneity in Dynamic Models
  • Bias-Corrected LSDV
  • GMM Estimators
11.00am – 11.10am Break
11.10am – 1.00pm
  • Dynamic Models (Continues)
  • Hands-on
1.00pm End of Day 3

Day 4




9.00am – 10.00am
  • Dynamic Models (Continues)
10.00am – 10.10am Break
10.10am – 1.00pm
  • Dynamic Interactions in Panel Models
  • Specification of Panel VAR
1.00pm End of Day 4

Day 5




9.00am – 10.30am
  • Panel VAR Estimation
  • Shock Identification
  • Impulse-Response Functions
10.30am – 10.40am Break
10.40am – 1.00pm
  • Panel VAR (Continues)
  • Hands-on
1.00pm End of Day 5

Applicants can apply via online at and fill the prescribed forms. The completed online registration form should be sent before 10the February 2021.

Should there be any changes in your contact information or for further enquiries, kindly contact : Ms. Shaidatul Ilyanie : / tel: + 603 7651 4177 / + 603 7651 4057

Contact Us

Executive Education (EE)
International Centre for Education in Islamic Finance (INCEIF),
Lorong Universiti A, Kuala Lumpur,
59100, Malaysia

Tel : + 603 7651 4057/4177
Fax : +603 7651 4094  
E-mail :



Registration Form