Correlated Random Effects—Hausman Test Equation: United Test period random effects | ||||
Test Summary | Chi-Sq. Statistics | Chi-Sq. d.f. | Prob. | |
Period Random | 0.000000 | 8 | 1.0000 | |
*Period test variance is invalid. Hausman statistic set to zero. Period random effects test comparisons: | ||||
Variable | Fixed | Random | Var (Diff.) | Prob. |
AQ_CG | 44.208799 | 42.753443 | 42.753443 | 0.4122 |
BS_CG | 6.439198 | 5.666552 | 5.666552 | 0.1376 |
CDLTY_CG | 7.399612 | 4.383844 | 4.383844 | 0.1614 |
IND_CG | 2.411155 | 2.548100 | 2.548100 | 0.1816 |
INSH_CG | 3.976908 | 1.747053 | 1.747053 | 0.2000 |
LEVRG | −7.232945 | −11.157902 | −11.157902 | 0.1643 |
LISH_CG | −0.456500 | −0.576441 | −0.576441 | 0.6677 |
TMSH_CG | 1.726647 | 2.124872 | 2.124872 | 0.4088 |
Period random effects test equation: Dependent Variable: OP_OPR Method: Panel Least Squares Sample 2009 2018 Periods included: 10 Cross-sections included: 7 Total panel (unbalanced) observations: 68 | ||||
Variable | Coefficient | Std. Error | t-statistics | Prob. |
C | 478.1214 | 430.7207 | 1.110050 | 0.2724 |
AQ_CG | 44.208799 | 22.69168 | 1.948238 | 0.0571 |
BS_CG | 6.439198 | 4.440835 | 1.449997 | 0.1534 |
CDLTY_CG | 7.399612 | 22.19667 | 0.333366 | 0.7403 |
IND_CG | 2.411155 | 0.835731 | 2.885081 | 0.0058 |
INSH_CG | 3.976908 | 7.387205 | 0.538351 | 0.5928 |
LEVRG | −7.232945 | 4.395095 | −1.645685 | 0.1062 |
LISH_CG | −0.456500 | 1.150647 | −0.396734 | 0.6933 |
TMSH_CG | 1.726647 | 1.050084 | 1.644292 | 0.1065 |
Effects specification | ||||
Period fixed (dummy variables) | ||||
R-squared | 0.545769 | Mean dependent var | 109.3379 | |
Adjusted R-squared | 0.388178 | S.D. dependent var | 65.26069 | |
S.E. of regression | 51.04628 | Akaike info criterion | 10.92778 | |
Sum squared resid | 127680.4 | Schwarz criterion | 11.52009 | |
Log likelihood | −348.0807 | Hannan-Quinn criter | 11.16216 | |
F-statistic | 3.463209 | Durbin-Watson stat | 1.313357 | |
Prob (F-statistic) | 0.000339 |
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