Time series panel with time fixed effects

Hi all,

I am running a regression on a panel of 60 countries for 40 years. Time series are log differentiated. I am using the command xtpcse (panel-corrected standard errors). I have two questions:


-What is the interpretation of the constant term in this setup?

-I would like to run regressions with time fixed effects, is the right way to do it?


Thank you very much!