Table 1 Results of different tests for... | Emerald Publishing

Table 1

Results of different tests for best fit pooled regression models

Tests description		Model 1	Model 2	Model 3	Model 4	Model 5
Heteroskedasticity
Breusch–Pagan–Godfrey (BPG) test	obs^*R²	1.892	0.911	3.460	1.704	0.387
	p-value	0.169	0.340	0.063	0.192	0.534
Fixed/random effect test
Hausman’s test	Chi-square statistic	50.891	171.900	55.712	182.951	40.934
	p-value	0.000	0.000	0.000	0.000	0.000

Tests description		Model 1	Model 2	Model 3	Model 4	Model 5
Heteroskedasticity
Breusch–Pagan–Godfrey (BPG) test	obs^*R²	1.892	0.911	3.460	1.704	0.387
	p-value	0.169	0.340	0.063	0.192	0.534
Fixed/random effect test
Hausman’s test	Chi-square statistic	50.891	171.900	55.712	182.951	40.934
	p-value	0.000	0.000	0.000	0.000	0.000

Note(s): ** Significant level at 0.05