Table 6 LEV–Fixed and random effects...

Table 6

LEV–Fixed and random effects models

Variable	LEV
Variable	Fixed effects	Random effects
fact	−0.02398***	−0.02474***
fact	(−32.73)	(34.44)
age		0.00279***
age		(90.28)
jurnat	0.00004***	0.00002***
jurnat	(17.49)	(15.56)
nempl	−0.00001***	−0.00001***
nempl	(−4.68)	(−4.53)

Variable	LEV
fact	−0.02398***	−0.02474***
(−32.73)	(34.44)
age		0.00279***
	(90.28)
jurnat	0.00004***	0.00002***
(17.49)	(15.56)
nempl	−0.00001***	−0.00001***
(−4.68)	(−4.53)

Note(s): *, **, *** statistically significant coefficients for 10%, 5% and 1%, respectively. Fixed Effects–R² = 0.0028; Random Effects–R² = 0.0231; Hausman Test: Prob > chi² = 0.0000; for LEV

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