Robustness Checks

F-statistic

Prob. Chi-Square

Conclusions

Ramsey RESET Test

0.318118

0.5736

No omitted Variable

Heteroskedasticity Test

0.871081

0.9723

Homoskedastic

Hausman Test

8.302191

0.1307

Random Effect Model is preferred

Breusch Pagan Test

0.327332

0.5672

Panel Least Square is preferred