Dynamic Panel- GMM or Fixed Effects

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Dynamic Panel- GMM or Fixed Effects

ajjee
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Dear All

I am going to estimate a model of panel data which have lagged dependent variable. My N=150 and T=33. I have learned from the literature that GMM should be should when N is large but T is small. Now I am confused. Should I use GMM or Fixed(Random) Effcets model of panel data.

Ajjee