Model

Log-likelihood convergence

Likelihood ratio index (Pseudo R2)

Full model

−4428.61

0.4481

Restricted model 1 (without “ihdi”)

−4527.98

0.4357

Restricted model 2 (without “status)

−4554.94

0.4323

Restricted model 3 (without “gini”)

−4556.96

0.4321

Restricted model 4 (without “status & gini”)

−4598.25

0.4269

Restricted model 5 (without “ihdi & gini”)

−4612.07

0.4252

Restricted model 6 (without “status & ihdi”)

−4668.24

0.4182

Restricted model 7 (without macro-economic variables)

−4678.42

0.4169

Restricted model 8 (without “popularity index”)

−4755.05

0.4074

Likelihood-ratio test

LR chi2(9) = 499.62; Prob > chi2 = 0.0000

chi2(9) = (b − B)’[(V_b − V_B)⁻¹](b − B) = 147.22

Prob > chi2 = 0.0000