| (1) Constant term only -14440.59456 .160323D+05 .0000000 |
| (2) Group effects only -13090.06861 .115537D+05 .2793479 |
| (3) X - variables only -10607.00559 .632610D+04 .6054141 |
| (4) X and group effects -6545.27672 .236180D+04 .8526843 |
| |
| Hypothesis Tests |
| Likelihood Ratio Test F Tests |
| Chi-squared d.f. Prob. F num. denom. Prob value |
| (2) vs (1) 2701.052 1306 .00000 2.059 1306 6937 .00000 |
| (3) vs (1) 7667.178 8 .00000 1579.565 8 8236 .00000 |
| (4) vs (1) 15790.636 1314 .00000 30.526 1314 6930 .00000 |
| (4) vs (2) 13089.584 8 .00000 3371.348 8 6930 .00000 |
| (4) vs (3) 8123.458 1306 .00000 8.907 1306 6930 .00000 |
+------------------------------------------------------------------------+
+========================================================================+
: LIMDEP Estimation Results
: Current sample contains 8245 observations.:
+========================================================================+
+--------------------------------------------------+
| Random Effects Model: v(i,t) = e(i,t) + u(i) |
| Estimates: Var[e] = .340809D+00 |
| Var[u] = .444638D+00 |
| Corr[v(i,t),v(i,s)] = .566095 |
| Lagrange Multiplier Test vs. Model (3) = 6620.14 |
| ( 1 df, prob value = .000000) |
| Fixed vs. Random Effects (Hausman) = 69.77 |
| ( 8 df, prob value = .000000) |
| Estd. Autocorrelation of e(i,t) .002718 |
| Reestimated using GLS coefficients: |
| Estimates: Var[e] = .341339D+00 |
| Var[u] = .452900D+00 |
| Sum of Squares .638894D+04 |
| R-squared .601495D+00 |
+--------------------------------------------------+
Variable Coefficient Standard Error b/St.Er. P[|Z|>z] Mean of X
COSRAT 19.139 1.8129 10.557 .00000 .2759E-01
NBANKS .94458E-02 .10359E-02 9.119 .00000 25.55
|
ANN90 |
2.3591 |
.26680E-01 |
88.423 |
.00000 |
.1216 |
|
ANN91 |
2.2987 |
.26358E-01 |
87.213 |
.00000 |
.1300 |
|
ANN92 |
2.8561 |
.25209E-01 |
113.296 |
.00000 |
.1460 |
|
ANN93 |
.88679 |
.25796E-01 |
34.377 |
.00000 |
.1474 |
|
ANN94 |
.17299 |
.24449E-01 |
7.076 |
.00000 |
.1500 |
|
ANN95 |
1.0434 |
.23483E-01 |
44.434 |
.00000 |
.1544 |
|
Constant |
3.9245 |
.56392E-01 |
69.594 |
.00000 |
STATA 6.0 OUTPUT
Fixed-effects (within) regression Number of obs = 8245
Group variable (i) : abipro Number of groups = 1307
R-sq: within = 0.7956 Obs per group: min = 1
23