Dependent Variable: MVA?

Method: Pooled Least Squares

Sample: 1 4

Included observations: 4

Cross-sections included: 5

Total pool (balanced) observations: 20

Variable

Coefficient

Std. Error

t-Statistic

Prob.

C

39440766

33942247

1.161996

0.2722

COMME--MPSCOMME

6.687405

2.253500

2.967564

0.0141

COMMU--MPSCOMMU

24.66433

8.355357

2.951918

0.0145

FINAN--MPSFINAN

23.67297

9.187248

2.576720

0.0276

SCIEN--MPSSCIEN

22.21065

8.931223

2.486854

0.0322

TRANSP--MPSTRANSP

5.222209

1.939505

2.692547

0.0226

Fixed Effects (Cross)

COMME--C

-63446464

COMMU--C

40177422

FINAN--C

-76626636

SCIEN--C

61452952

TRANSP--C

38442726

Effects Specification

Cross-section fixed (dummy variables)

R-squared

0.789889

Mean dependent var

1.97E+08

Adjusted R-squared

0.600790

S.D. dependent var

1.41E+08

S.E. of regression

89031262

Akaike info criterion

39.75373

Sum squared resid

7.93E+16

Schwarz criterion

40.25159

Log likelihood

-387.5373

F-statistic

4.177110

Durbin-Watson stat

2.993201

Prob(F-statistic)

0.017945