Correlated Random Effects – Hausman Test Equation: Untitled Test cross-section random effects
Test Summary		Chi-Sq. Statistic	Chi-Sq. d.f.	Prob.
Cross-section random		15.308688	1	0.0001
Cross-section random effects test comparisons:
Variable	Fixed	Random	Var(Diff.)	Prob.
LN_IPC	0.048600	0.050412	0.000000	0.0001
Cross-section random effects test equation:
Dependent Variable: LN_LEB
Method: Panel Least Squares
Date: 05/01/17 Time: 19:07
Sample: 1990 2015
Periods included: 26
Cross-sections included: 56
Total panel (balanced) observations: 1456
Variable	Coefficient	Std. Error	t-Statistic	Prob.
C	3.782082	0.015393	245.6976	0.0000
LN_IPC	0.048600	0.002112	23.01327	0.0000
	Effects Specification
Cross-section fixed (dummy variables)
R-squared	0.922065	Mean dependent var		4.135306
Adjusted R-squared	0.918946	S.D. dependent var		0.156840
S.E. of regression	0.044652	Akaike info criterion		-3.341459
Sum squared resid	2.789369	Schwarz criterion		-3.134621
Log likelihood	2489.582	Hannan-Quinn criter.		-3.264290
F-statistic	295.5702	Durbin-Watson stat		0.449021
Prob(F-statistic)	0.000000