Correlated Random Effects—Hausman Test |
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Equation: Untitled |
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Test period random effects |
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Test Summary | Chi-Sq. Statistic | Chi-Sq. d.f. | Prob. | |
Period random | 40.797122 | 3 | 0.0000 | |
Period random effects test comparisons: |
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Variable | Fixed | Random | Var(Diff.) | Prob. |
INV | −1.942644 | −5.678710 | 0.364228 | 0.0000 |
INF | −0.342095 | 0.111596 | 0.185995 | 0.2928 |
CONS | −0.448259 | 3.849801 | 0.713932 | 0.0000 |
Period random effects test equation: |
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Dependent Variable: DTPUB |
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Method: Panel Least Squares |
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Date: 09/26/20 Time: 13:58 |
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Sample: 1991 2018 |
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Periods included: 28 |
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Cross-sections included: 4 |
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Total panel (balanced) observations: 112 |
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Variable | Coefficient | Std. Error | t-Statistic | Prob. |
C | 130.5181 | 57.10516 | 2.285575 | 0.0250 |
INV | −1.942644 | 0.975918 | −1.990581 | 0.0500 |
INF | −0.342095 | 0.689785 | −0.495944 | 0.6213 |
CONS | −0.448259 | 1.232875 | −0.363588 | 0.7171 |
Effects Specification |
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Cross-section fixed (dummy variables) |
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Period fixed (dummy variables) |
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R-squared | 0.819851 | Mean dependent var | 76.87123 | |
Adjusted R-squared | 0.743634 | S.D. dependent var | 76.77373 | |
S.E. of regression | 38.87255 | Akaike info criterion | 10.40381 | |
Sum squared resid | 117863.8 | Schwarz criterion | 11.22907 | |
Log likelihood | −548.6132 | Hannan-Quinn criter. | 10.73864 | |
F-statistic | 10.75680 | Durbin-Watson stat | 0.221079 | |
Prob(F-statistic) | 0.000000 |
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