Tests

EQ

Whole sample

Manufacturing

Services

Real estate

VAIC

Wooldridge test

Autocorrelation

F(1,103)

7.709

0.006

F(1,41)

0.396

0.001

F(1,50)

19.385

0.000

F(1,10)

0.009

0.926

Breusch-Pagan test

heteroskedasticity

χ2 (1)=30.06

0.000

χ2 (1)=10.57

0.000

χ2 (1)=5.38

0.000

χ2 (1)=0.97

0.325

RCE

SCE

HCE

Wooldridge test

Autocorrelation

F(1,103)

8.33

0.000

F(1,41)

24.07

0.000

F(1,50)

18.26

0.000

F(1,10)

2.56

0.141

Breusch-Pagan test

heteroskedasticity

χ2 (1)=46.31

0.000

χ2 (1)=12.51

0.000

χ2 (1)=49.20

0.000

χ2 (1)=4.30

0.038