Redundant Fixed  Effects Tests

Pool: LOAN

Test cross-section and  period fixed effects

Effects Test

Statistic  

d.f.

Prob.

Cross-section F

37.456022

(8,166)

0.0000

Cross-section  Chi-square

204.225630

8

0.0000

Period F

1.065008

(21,166)

0.3905

Period Chi-square

25.026154

21

0.2460

Cross-Section/Period F

12.041072

(29,166)

0.0000

Cross-Section/Period  Chi-square

224.244915

29

0.0000

Included observations:  18 after adjustments

Cross-sections  included: 9

Total pool (balanced)  observations: 162

Iterate coefficients  after one-step weighting matrix

Convergence achieved  after 15 total coef iterations

Variable

Coefficient

Std. Error

t-Statistic

Prob.  

C

137.6160

4.839253

28.43744

0.0000

DR?

212.4604

97.05961

2.188968

0.0301

DCJL?

-14.98573

3.574350

-4.192576

0.0000

AR(4)

-0.260654

0.102454

-2.544099

0.0120

Fixed Effects (Cross)

Effects Specification

Cross-section fixed  (dummy variables)

Weighted Statistics

R-squared

0.671463

    Mean dependent var

0.828570

Adjusted R-squared

0.647370

    S.D. dependent var

1.324255

S.E. of regression

0.877917

    Sum squared resid

115.6107

F-statistic

27.86994

    Durbin-Watson stat

2.026346

Prob(F-statistic)

0.000000