Correlated Random Effects – Hausman Test
Equation: Untitled
Test cross-section random effects
Test Summary x2 Statistic x2 d.f. Prob.
Cross-section random 3.070898 1 0.0797
Cross-section random effects test comparisons:
Variable Fixed Random Var(Diff.) Prob.
LN_LEB 5.650324 5.781120 0.005571 0.0797
Cross-section random effects test equation:
Dependent Variable: LN_IPC
Method: Panel Least Squares
Date: 05/01/17 Time: 19:04
Sample: 1990 2015
Periods included: 26
Cross-sections included: 56
Total panel (balanced) observations: 1456
Variable Coefficient Std. Error t-Statistic Prob.
C -16.09788 1.015398 -15.85377 0.0000
LN_LEB 5.650324 0.245525 23.01327 0.0000
Effects Specification
Cross-section fixed (dummy variables)
R-squared 0.894132 Mean dependent var 7.267934
Adjusted R-squared 0.889894 S.D. dependent var 1.450964
S.E. of regression 0.481461 Akaike info criterion 1.414379
Sum squared resid 324.2951 Schwarz criterion 1.621218
Log likelihood -972.6683 Hannan-Quinn criter. 1.491549
F-statistic 210.9926 Durbin-Watson stat 0.219181
Prob(F-statistic) 0.000000