Diagnostic test results of the research models
| Test name | Model 1 | Model 2 | ||
|---|---|---|---|---|
| Chi2 or F | p-value | Chi2 or F | p-value | |
| Pooled Data test | 4.20 | 0.000 | 4.24 | 0.000 |
| Hausman test | 5.24 | 0.514 | 6.98 | 0.431 |
| Breusch-Pagan | 170.78 | 0.000 | 184.18 | 0.000 |
| Wooldridge test | 3.276 | 0.072 | 3.308 | 0.071 |
| Ramsey RESET | 0.74 | 0.526 | 0.32 | 0.814 |
| Test name | Model 1 | Model 2 | ||
|---|---|---|---|---|
| Chi2 or F | Chi2 or F | |||
| Pooled Data test | 4.20 | 0.000 | 4.24 | 0.000 |
| Hausman test | 5.24 | 0.514 | 6.98 | 0.431 |
| Breusch-Pagan | 170.78 | 0.000 | 184.18 | 0.000 |
| Wooldridge test | 3.276 | 0.072 | 3.308 | 0.071 |
| Ramsey RESET | 0.74 | 0.526 | 0.32 | 0.814 |
Note(s): The null hypotheses of the tests, respectively, assume pooled data, homoscedasticity, absence of serial correlation and no omitted variables
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