| Estimation 1 | Estimation 2 | Estimation 3 | |||
Variable | Pool Data | Fixed Effect | Random Effect | |||
Coefficient | Prob. | Coefficient | Prob. | Coefficient | Prob. | |
Absolute | 3.260 | 0.000 | 3.311 | 0.000 | 3.287 | 0.000 |
Finance_Development | −0.010 | 0.028 | −0.011 | 0.030 | −0.011 | 0.023 |
GDP_Growth | −0.088 | 0.305 | −0.094 | 0.298 | −0.096 | 0.301 |
F-Test and Goodness of Fit | Prob (F-statistic): 0.0028 R2: 0.28 | Prob (F-statistic): 0.0052 R2: 0.28 | Prob (F-statistic): 0.0047 R2: 0.28 |