OLS, FE and RE estimation results and selection test
| Variable | OLS | FE | RE |
|---|---|---|---|
| Ln(K/L) | 0.180*** (0.002) | 0.032*** (0.002) | 0.070*** (0.002) |
| Ln(L) | −0.744*** (0.003) | −0.927*** (0.003) | −0.874*** (0.002) |
| Ln(LQ) | 0.097*** (0.004) | 0.027*** (0.002) | 0.035*** (0.002) |
| Ln(DR) | 0.046*** (0.002) | 0.012*** (0.002) | 0.017*** (0.001) |
| Ln(TP) | 0.799*** (0.002) | 0.896*** (0.002) | 0.887*** (0.002) |
| Ln(PCI) | 0.382*** (0.049) | 0.084*** (0.028) | 0.100*** (0.027) |
| Constant | 2.893*** (0.202) | 5.759*** (0.117) | 5.260*** (0.114) |
| N | 44780 | 44780 | 44780 |
| R-squared | 0.862 | 0.929 | |
| Wald p-value | 0.000 | ||
| Breusch–Pagan p-value | 0.000 | ||
| Hausman p-value | 0.000 |
| Variable | |||
|---|---|---|---|
| Ln(K/L) | 0.180 | 0.032 | 0.070 |
| Ln(L) | −0.744 | −0.927 | −0.874 |
| Ln( | 0.097 | 0.027 | 0.035 |
| Ln( | 0.046 | 0.012 | 0.017 |
| Ln( | 0.799 | 0.896 | 0.887 |
| Ln( | 0.382 | 0.084 | 0.100 |
| Constant | 2.893 | 5.759 | 5.260 |
| 44780 | 44780 | 44780 | |
| 0.862 | 0.929 | ||
| Wald | 0.000 | ||
| Breusch–Pagan | 0.000 | ||
| Hausman | 0.000 |
Standard errors in parentheses, *p < 0.1, **p < 0.05, ***p < 0.01
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