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如题,Wald test of exogeneity (corr = 0): chi2(1) = 0.76 Prob > chi2 = 0.3831
这是否意味着接受原假设:回归变量为外生变量,不需要工具变量?
求大神指点!
我的回归过程如下:
. ivtobit te_t urb pa_cci staf_t op_t lev (bank=bank_ma3), ll(0)ul(1)
Fitting exogenous tobit model
Fitting full model
Iteration 0: log likelihood = 101.21326
Iteration 1: log likelihood = 101.58293
Iteration 2: log likelihood = 101.59447
Iteration 3: log likelihood = 101.59447
Tobit model with endogenous regressors Number of obs = 93
Uncensored = 86
Limits: lower = 0 Left-censored = 0
upper = 1 Right-censored = 7
Wald chi2(6) = 294.29
Log likelihood = 101.59447 Prob > chi2 = 0.0000
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| Coef. Std. Err. z P>|z| [95% Conf. Interval]
--------------------+----------------------------------------------------------------
bank | .2592946 .0800426 3.24 0.001 .102414 .4161751
urb | -.1067248 .1162281 -0.92 0.358 -.3345277 .1210781
pa_cci | 1.029356 .3794346 2.71 0.007 .2856778 1.773034
staf_t | .0080704 .0218083 0.37 0.711 -.0346732 .0508139
op_t | .4463357 .5876657 0.76 0.448 -.7054679 1.598139
lev | -3.70856 .3151365 -11.77 0.000 -4.326216 -3.090903
_cons | .8108437 .216285 3.75 0.000 .3869328 1.234755
--------------------+----------------------------------------------------------------
corr(e.bank,e.te_t)| -.1296561 .1469894 -.3997992 .161211
sd(e.te_t)| .1154712 .0090408 .0990442 .1346228
sd(e.bank)| .1522411 .0111629 .1318618 .1757701
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Instrumented: bank
Instruments: urb pa_cci staf_t op_t lev bank_ma3
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Wald test of exogeneity (corr = 0): chi2(1) = 0.76 Prob > chi2 = 0.3831
. est store t_bank
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end of do-file
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