Dependent Variable: LN_IPC Method: Panel EGLS (Cross-section random effects) Date: 05/01/17 Time: 19:03 Sample: 1990 2015 Periods included: 26 Cross-sections included: 56 Total panel (balanced) observations: 1456 Swamy and Arora estimator of component variances
Variable	Coefficient	Std. Error	t-Statistic	Prob.
C	-16.63877	0.973959	-17.08364	0.0000
LN_LEB	5.781120	0.233905	24.71570	0.0000
Effects Specification
			S.D.	Rho
Cross-section random			0.847646	0.7561
Idiosyncratic random			0.481461	0.2439
Weighted Statistics
R-squared	0.295542	Mean dependent var		0.804625
Adjusted R-squared	0.295057	S.D. dependent var		0.573843
S.E. of regression	0.481804	Sum squared resid		337.5244
F-statistic	609.9971	Durbin-Watson stat		0.215498
Prob(F-statistic)	0.000000
Unweighted Statistics
R-squared	0.543495	Mean dependent var		7.267934
Sum squared resid	1398.369	Durbin-Watson stat		0.052015