Table 5.

Results of diagnostic tests

LogGW/LogFP; LogAP; AFF; LogL; LogK; INF; TRD
i. Results of the Hausman Test
H0: Difference in coefficients not systematic
χ2(7)0.44
Prob > χ20.994
ii. Wooldridge test for serial correlation
H0: Noorder autocorreclation
F(1, 7)3,222.38
Prob > F0.000
iii. Breusch and Pagan LM Test
H0: There exists corss−sectional dependence
χ2(7)27.962
Prob > χ20.0061
iv. Breusch and Pagan LM Test for Random Effect
H0: Random effect is inefficient
χ2(7)1,085.47
Prob > χ20.000

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