Cross-section random effects test equation: Dependent Variable: LNY? Method: Panel Least Squares Date: 06/19/08 Time: 19:09 Sample: 1 8 Included observations: 8 Cross-sections included: 7 Total pool (balanced) observations: 56
Variable Coefficient Std. Error t-Statistic Prob.
C 3.670070 0.417161 8.797728 0.0000 YEAR 0.172064 0.005442 31.61662 0.0000 LNK? 0.060819 0.096474 0.630414 0.5315 LNL? 0.402045 0.108557 3.703552 0.0006
Effects Specification
Cross-section fixed (dummy variables)
R-squared 0.993573 Mean dependent var 6.993069 Adjusted R-squared 0.992316 S.D. dependent var 0.794311 S.E. of regression 0.069628 Akaike info criterion -2.330866 Sum squared resid 0.223011 Schwarz criterion -1.969196 Log likelihood 75.26425 F-statistic 790.1928 Durbin-Watson stat 1.163857 Prob(F-statistic) 0.000000