The Effects of Attendance on Academic Performance: Panel Data Evidence for Introductory Microeconomics



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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