| Variables | Pooled OLS | Fixed Effects | Random Effects | |||
| 1 | 2 | 1 | 2 | 1 | 2 | |
| log(transfers) | 0.470*** | 0.433*** | 0.467*** | 0.373*** | 0.467*** | 0.416*** |
|
| (0.047) | (0.061) | (0.050) | (0.071) | (0.047) | (0.062) |
| log(ownrev) | 0.306*** | 0.212*** | 0.366*** | 0.230*** | 0.319*** | 0.217*** |
|
| (0.041) | (0.049) | (0.048) | (0.070) | (0.042) | (0.053) |
| Constant | 4.008*** | 5.547*** | 3.291*** | 6.170*** | 3.878*** | 5.728*** |
|
| (0.915) | (1.074) | (1.060) | (1.450) | (0.933) | (1.133) |
| Year Dummy | NO | YES | NO | YES | NO | YES |
| R-squared | 0.504 | 0.568 | -- | -- | -- | -- |
| F-stat | 67.53 | 18.38 | 57.47 | 15.62 | 133.21 | 163.59 |
| Prob > F | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| Observations | 136 | 136 | 136 | 136 | 136 | 136 |