Correlated Random  Effects - Hausman Test

Pool: Untitled

Test cross-section  random effects

Test Summary

Chi-Sq. Statistic

Chi-Sq. d.f.

Prob.

Cross-section random

0.000000

4

1.0000

* Cross-section test  variance is invalid. Hausman statistic set to zero.

Cross-section random  effects test comparisons:

Variable

Fixed  

Random

Var(Diff.)

Prob.

LNFIX?

-0.127038

-0.149014

0.000046

0.0012

LNPAT?

0.273385

0.316497

0.000177

0.0012

LNFDI?

-0.193657

-0.256001

0.000369

0.0012

LNFIN?

0.046597

0.043844

0.000001

0.0012

Cross-section random  effects test equation:

Dependent Variable:  LNEXPY?

Method: Panel Least  Squares

Date: 04/18/18   Time: 21:27

Sample: 2002 2016

Included observations:  15

Cross-sections  included: 5

Total pool (balanced)  observations: 75

Variable

Coefficient

Std. Error

t-Statistic

Prob.  

C

3.009872

0.853212

3.527697

0.0008

LNFIX?

-0.127038

0.096029

-1.322921

0.1904

LNPAT?

0.273385

0.075564

3.617923

0.0006

LNFDI?

-0.193657

0.314802

-0.615168

0.5406

LNFIN?

0.046597

0.039392

1.182926

0.2411

Effects Specification

Cross-section fixed  (dummy variables)

R-squared

0.991246

    Mean dependent var

2.809861

Adjusted R-squared

0.990185

    S.D. dependent var

0.785454

S.E. of regression

0.077815

    Akaike info criterion

-2.156787

Sum squared resid

0.399646

    Schwarz criterion

-1.878689

Log likelihood

89.87953

    Hannan-Quinn criter.

-2.045746

F-statistic

934.1853

    Durbin-Watson stat

0.733103

Prob(F-statistic)

0.000000