Correlated Random Effects—Hausman Test

Equation: Untitled

Test period random effects

Test Summary

Chi-Sq. Statistic

Chi-Sq. d.f.

Prob.

Period random

40.797122

3

0.0000

Period random effects test comparisons:

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:

Dependent Variable: DTPUB

Method: Panel Least Squares

Date: 09/26/20 Time: 13:58

Sample: 1991 2018

Periods included: 28

Cross-sections included: 4

Total panel (balanced) observations: 112

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

Cross-section fixed (dummy variables)

Period fixed (dummy variables)

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