xtreg ed fc fr tn li ft,fe
Fixed-effects (within) regression Number of obs = 390
Group variable: code Number of groups = 30
R-sq: Obs per group:
within = 0.6742 min = 13
between = 0.5985 avg = 13.0
overall = 0.6251 max = 13
F(5,355) = 146.93
corr(u_i, Xb) = 0.0979 Prob > F = 0.0000
------------------------------------------------------------------------------
ed | Coef. Std. Err. t P>|t| [95% Conf. Interval]
-------------+----------------------------------------------------------------
fc | -103902.6 11978.62 -8.67 0.000 -127460.5 -80344.58
fr | -25863.51 14935.93 -1.73 0.084 -55237.54 3510.532
tn | 1457.993 176.6663 8.25 0.000 1110.549 1805.437
li | 1945.17 177.8856 10.93 0.000 1595.328 2295.012
ft | -14.00874 24.86705 -0.56 0.574 -62.91399 34.89652
_cons | 1622.028 10867.94 0.15 0.881 -19751.61 22995.66
-------------+----------------------------------------------------------------
sigma_u | 13677.07
sigma_e | 9836.2222
rho | .65910267 (fraction of variance due to u_i)
------------------------------------------------------------------------------
F test that all u_i=0: F(29, 355) = 22.32 Prob > F = 0.0000
xtreg ed fc fr tn li ft,re
Random-effects GLS regression Number of obs = 390
Group variable: code Number of groups = 30
R-sq: Obs per group:
within = 0.6731 min = 13
between = 0.6237 avg = 13.0
overall = 0.6424 max = 13
Wald chi2(5) = 773.86
corr(u_i, X) = 0 (assumed) Prob > chi2 = 0.0000
------------------------------------------------------------------------------
ed | Coef. Std. Err. z P>|z| [95% Conf. Interval]
-------------+----------------------------------------------------------------
fc | -91742.8 9575.845 -9.58 0.000 -110511.1 -72974.49
fr | -25898.02 15224.43 -1.70 0.089 -55737.36 3941.323
tn | 1578.511 150.7904 10.47 0.000 1282.968 1874.055
li | 1830.249 166.7336 10.98 0.000 1503.457 2157.041
ft | -15.5462 25.25908 -0.62 0.538 -65.05309 33.9607
_cons | -9359.18 8083.228 -1.16 0.247 -25202.02 6483.656
-------------+----------------------------------------------------------------
sigma_u | 10376.978
sigma_e | 9836.2222
rho | .52673346 (fraction of variance due to u_i)
------------------------------------------------------------------------------
---- Coefficients ----
| (b) (B) (b-B) sqrt(diag(V_b-V_B))
| FE1 RE1 Difference S.E.
-------------+----------------------------------------------------------------
fc | -103902.6 -91742.8 -12159.76 7590.867
fr | -25863.51 -25898.02 34.5122 603.3544
tn | 1457.993 1578.511 -120.5183 98.69929
li | 1945.17 1830.249 114.9207 71.61752
ft | -14.00874 -15.5462 1.537459 2.34037
_cons | 1622.028 -9359.18 10981.21 7587.699
------------------------------------------------------------------------------
b = consistent under Ho and Ha; obtained from xtreg
B = inconsistent under Ha, efficient under Ho; obtained from xtreg
Test: Ho: difference in coefficients not systematic
chi2(5) = (b-B)'[(V_b-V_B)^(-1)](b-B)
= 5.79
Prob>chi2 = 0.3277
(V_b-V_B is not positive definite)
我该选择固定效应模型还是随机效应模型?求帮助。