Model

(1)

(2)

(3)

Parameters (z-values)

χ2

(p-values)

Parameters (z-values)

χ2

(p-values)

Parameters (z-values)

χ2

(p-values)

Constant term

−53.081 (−1.30)

−51.437 (−1.30)

−59.069 (−1.51)

Author is an economist

1.173 (1.14)

13.55** (0.001)

1.910** (3.16)

Author is not an economist

−1.042 (−1.02)

−1.937*** (−3.35)

Economics Journal

0.346 (0.47)

0.24 (8.885)

0.550 (0.81)

1.14 (0.566)

0.384 (0.51)

0.31 (0.856)

Non-Economics Journal

0.188 (0.28)

0.121 (0.19)

0.180 (0.26)

Time Series Data

−0.236 (−0.40)

4.22 (0.121)

−0.172 (−0.31)

2.85 (0.240)

−0.355 (−0.57)

4.33 (0.114)

Cross-sectional data

−0.941* (−2.05)

−0.830(*) (−1.66)

−0.882* (−2.08)

OLS

−0.346 (−0.59)

1.24 (0.743)

−0.400 (−0.68)

1.17 (0.761)

−0.294 (−0.53)

1.11 (0.775)

Advanced estimation methods

−0.282 (−0.68)

−0.279 (−0.68)

−0.263 (−0.66)

Weighted regressions

0.334 (0.79)

0.270

(0.65)

0.324 (0.76)

Data from the U.S.

0.966 (1.43)

0.833 (1.22)

0.923 (1.40)

Publication year

0.027 (1.27)

0.025 (1.26)

0.030 (1.52)

Unemployment rate included

0.088

(0.22)

1.59 (0.453)

0.042 (0.11)

1.63 (0.444)

0.140

(0.37)

1.09 (0.581)

Growth rate of real income included

−0.563 (−1.26)

−0.566 (−1.27)

−0.444 (−1.03)

Overall Wald test

10.26 (0.508)

10.15 (0.517)

10.94 (0.448)

Pseudo R2

0.373

0.362

0.359

Standard error of the regression

0.404

0.404

0.402

Log of the pseudo-likelihood function

−38.851

−39.588

−39.755

Hannan-Quinn criteron

1.304

1.304

1.291