Variable

Coefficient

Std. Error

t-Statistic

Prob.

C

−33.78468^***

10.64862

−3.172681

0.0026

PCS

−5.932632^***

2.182092

−2.718781

0.0091

LNFEE

14.91366^***

4.485815

3.324626

0.0017

LNLFEE

1.108968^**

0.422132

2.627061

0.0115

Fixed Effects (Cross)

CQBH--C

8.287510

DYKJ--C

2.017374

HFGF--C

−12.50835

XTEA--C

−0.314939

HDJT--C

1.579822

HQCA--C

−16.95733

WXXC--C

14.10840

AKGJ--C

10.10004

Panel Model

Statistic

d.f.

Prob.

F Test

12.028493

(7,48)

0.0000^***

Hausman Test

11.166420

3

0.0109^**

R-squared

0.780159

Mean dependent var

20.11546

Adjusted R-squared

0.734358

S.D. dependent var

48.48165

S.E. of regression

4.619282

Sum squared resid

1024.213

F-statistic

17.03392

Durbin-Watson stat

2.016639

Prob (F-statistic)

0.000000^***