Table 5: Determinants of academic performance: panel estimates
|
Equation |
OLS (1) |
F.E. (1) |
R.E. (1) |
OLS (2) |
F.E. (2) |
R.E. (2) |
|
Lectures |
0.053 |
0.026 |
0.051 | |||
|
( 2.763) |
( 1.198) |
( 2.777) | ||||
|
Classes |
0.052 |
0.037 |
0.050 |
0.029 |
0.029 |
0.030 |
|
( 4.522) |
( 2.828) |
( 4.248) |
( 2.054) |
( 1.804) |
( 2.148) | |
|
Adjusted R2 |
0.308 |
0.295 |
0.321 |
0.310 |
0.039 |
0.324 |
Note: Dependent variable: test score. t-statistics reported in brackets (robust
standard errors). Number of observations: 2896. All specifications include time
fixed effects and dummy variables for high school type, education and occupation
for both father and mother, and province of residence.
Breusch-Pagan LM test statistic (OLS(1) against RE(1)): 89.23 (p-value: 0.00).
(OLS(2) against RE(2)): 86.84 (p-value: 0.00) Hausman test statistic (RE(1) against
FE(1): 2.16 (p-value: 0.99), (RE(2) against FE(2): 30.23 (p-value: 0.01).
See section 3 for details on the definition and construction of regressors.
26
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