Ramsey RESET Test

Equation: REG1

Specification: GDP GROSS_CAP TRADE_BAL TRANSP_SERVICES C

Omitted Variables: Squares of fitted values

Value

df

Probability

t-statistic

2.020239

15

0.0616

F-statistic

4.081364

(1, 15)

0.0616

Likelihood ratio

4.813239

1

0.0282

F-test summary:

Sum of Sq.

df

Mean Squares

Test SSR

65,772.42

1

65,772.42

Restricted SSR

307,502.0

16

19,218.88

Unrestricted SSR

241,729.6

15

16,115.31

Unrestricted SSR

241,729.6

15

16,115.31

LR test summary:

Value

df

Restricted LogL

−124.7838

16

Unrestricted LogL

−122.3772

15

Unrestricted Test Equation:

Dependent Variable: GDP

Method: Least Squares

Date: 07/30/19 Time: 04:36

Sample: 1999 2018

Included observations: 20

Variable

Coefficient

Std. Error

t-Statistic

Prob.

GROSS_CAP

2.431938

0.543528

4.474356

0.0004

TRADE_BAL

0.614636

0.366320

1.677866

0.1141

TRANSP_SERVICES

10.36457

2.784780

3.721863

0.0020

C

164.9257

123.9465

1.330619

0.2032

FITTED2

1.21E−05

5.97E−06

2.020239

0.0616

R-squared

0.997890

Mean dependent var

3346.100

Adjusted R-squared

0.997327

S.D. dependent var

2455.391

S.E. of regression

126.9461

Akaike info criterion

12.73772

Sum squared resid

241729.6

Schwarz criterion

12.98665

Log likelihood

−122.3772

Hannan-Quinn criter.

12.78631

F-statistic

1773.286

Durbin-Watson stat

2.086806

Prob(F-statistic)

0.000000