Variables

MG Estimation

PMG Estimation

Hausman Test

LR

LY

2.4045 (0.022)

0.7762 (0.000)

ADRO

−0.5329 (0.224)

0.4751 (0.000)

ADRY

0.8852 (0.218)

−0.0165 (0.000)

LGE

9.7306 (0.127)

1.7269 (0.000)

SR

ECT

−1.3179 (0.000)

−0.9668 (0.000)

−2.6683 (0.048)

0.7891 (0.129)

−0.9662 (0.000)

0.3045 (0.032)

0.3553 (0.680)

−0.029 (0.986)

−0.1814 (0.818)

0.1288 (0.636)

0.8847 (0.363)

−2.6742 (0.024)

−0.0737 (0.384)

−0.4021 (0.075)

LGE

−1.9269 ((0.01)

−0.8513 (0.002)