Table 4: Determinants of academic performance: panel estimates
|
Independent variable |
F.E. |
R.E. (1) |
R.E. (2) |
R.E. (3) |
|
Lectures attended |
0.039 |
0.082 |
0.082 |
0.070 |
|
( 2.158) |
( 5.184) |
( 5.160) |
( 4.446) | |
|
High school grade |
0.210 ( 4.754) | |||
|
Grade point average |
0.221 ( 3.419) | |||
|
Exams per annum |
1.280 ( 2.680) | |||
|
Calculus |
3.339 ( 2.688) | |||
|
Hours of study |
0.166 ( 1.916) | |||
|
Subject evaluation |
0.066 ( 1.525) | |||
|
Teacher evaluation |
0.154 ( 3.456) | |||
|
Year of registration |
-3.308 |
-2.620 | ||
|
( -4.047) |
( -3.291) | |||
|
Female |
0.474 |
-1.577 | ||
|
( 0.466) |
( -1.563) | |||
|
Foreign language |
-2.964 |
-4.676 | ||
|
( -1.145) |
( -1.875) | |||
|
Away from home |
-4.087 |
-4.380 | ||
|
( -2.109) |
( -2.346) | |||
|
Adjusted R2 |
0.292 |
0.257 |
0.288 |
0.322 |
Note: Dependent variable: test score. t-statistics reported in brackets (robust
standard errors). Number of observations: 2913. All specifications include time
fixed effects. Models R.E.(2-3) also include dummy variables for high school type,
education and occupation for both father and mother, and province of residence.
Breusch-Pagan LM test statistic (OLS against RE(3)): 85.9 (p-value: 0.00).
Hausman test statistic (RE(3) against FE): 29.28 (p-value: 0.01). See section 3
for details on the definition and construction of regressors.
25