Parameter estimates of the fixed-effect model
| Method: Panel EGLS (cross-section SUR) | ||||
|---|---|---|---|---|
| Dependent variable: Capital formation (%GDP) | ||||
| Variable | Coefficient | Std. Error | t-statistic | Prob |
| C | 19.54740 | 0.727562 | 26.86698 | 0.0000 |
| Market Cap | 0.018306 | 0.010139 | 1.805530 | 0.0740 |
| Turnover | 0.017083 | 0.027503 | 0.621116 | 0.5359 |
| Value Traded | −0.002858 | 0.020394 | −0.140156 | 0.8888 |
| R-squared | 0.374304 | Mean dependent var | 6.798694 | |
| Adj. R-squared | 0.337134 | S.D. dependent var | 1.350308 | |
| S.E. of regression | 0.928760 | Sum squared resid | 87.12219 | |
| F-statistic | 10.07004 | Durbin–Watson stat | 0.815367 | |
| Prob(F-statistic) | 0.000000 | |||
| Method: Panel EGLS (cross-section SUR) | ||||
|---|---|---|---|---|
| Dependent variable: Capital formation (%GDP) | ||||
| Variable | Coefficient | Std. Error | Prob | |
| C | 19.54740 | 0.727562 | 26.86698 | 0.0000 |
| Market Cap | 0.018306 | 0.010139 | 1.805530 | 0.0740 |
| Turnover | 0.017083 | 0.027503 | 0.621116 | 0.5359 |
| Value Traded | −0.002858 | 0.020394 | −0.140156 | 0.8888 |
| 0.374304 | Mean dependent var | 6.798694 | ||
| Adj. | 0.337134 | S.D. dependent var | 1.350308 | |
| S.E. of regression | 0.928760 | Sum squared resid | 87.12219 | |
| 10.07004 | Durbin–Watson stat | 0.815367 | ||
| Prob( | 0.000000 | |||
Source(s): Results generated by authors
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