Results of panel data analysis
| Dependent Variable: LNXT Method: Panel EGLS (Cross-section random effects) Date: 04/08/24 Time: 12:07 Sample: 1993–2002 Periods included: 30 Cross-sections included: 7 Total panel (balanced) observations: 210 Swamy and Arora estimator of component variances | ||||
|---|---|---|---|---|
| Variable | Coefficient | Std. Error | t-statistic | Prob |
| LNY | 0.247611 | 0.149872 | 1.652115 | 0.1000 |
| LNREER | 0.050380 | 0.029344 | 1.716896 | 0.0875 |
| LNGER | −0.777515 | 0.154420 | −4.728831 | 0.0000 |
| LNGDP | 1.117878 | 0.166904 | 6.697732 | 0.0000 |
| LNERV | 0.051526 | 0.015807 | 3.259675 | 0.0013 |
| D1 | −0.312891 | 0.093328 | −3.352594 | 0.0010 |
| C | 5.639532 | 1.325860 | 4.253491 | 0.0000 |
| Dependent Variable: LNXT | ||||
|---|---|---|---|---|
| Variable | Coefficient | Std. Error | t-statistic | Prob |
| LNY | 0.247611 | 0.149872 | 1.652115 | 0.1000 |
| LNREER | 0.050380 | 0.029344 | 1.716896 | 0.0875 |
| LNGER | −0.777515 | 0.154420 | −4.728831 | 0.0000 |
| LNGDP | 1.117878 | 0.166904 | 6.697732 | 0.0000 |
| LNERV | 0.051526 | 0.015807 | 3.259675 | 0.0013 |
| D1 | −0.312891 | 0.093328 | −3.352594 | 0.0010 |
| C | 5.639532 | 1.325860 | 4.253491 | 0.0000 |
| Effects specification | |||
|---|---|---|---|
| S.D. | Rh0 | ||
| Cross section random | 0.890484 | 0.8214 | |
| Idiosyncratic ramdom | 0.415193 | 0.01786 | |
| Weighted statistics | |||
| R-square | 0.987207 | Mean dependent Var | 14.37622 |
| Adjusted R-square | 0.986428 | S.D. dependent Var | 3.563866 |
| S.E. of regression | 0.415193 | Sum square resid | 54.24223 |
| F-Statistic | 14.87507 | Durbin–Watson Stat | 0.368631 |
| Prob (F-statistic) | 0.000000 | ||
| Unweighted statistics | |||
| R-squared | 0.058039 | Mean dependent var | 14.37622 |
| Sum squared resid | 2500.472 | Durbin–Watson stat | 0.007977 |
| Effects specification | |||
|---|---|---|---|
| S.D. | Rh0 | ||
| Cross section random | 0.890484 | 0.8214 | |
| Idiosyncratic ramdom | 0.415193 | 0.01786 | |
| 0.987207 | Mean dependent Var | 14.37622 | |
| Adjusted | 0.986428 | S.D. dependent Var | 3.563866 |
| S.E. of regression | 0.415193 | Sum square resid | 54.24223 |
| 14.87507 | Durbin–Watson Stat | 0.368631 | |
| Prob ( | 0.000000 | ||
| 0.058039 | Mean dependent var | 14.37622 | |
| Sum squared resid | 2500.472 | Durbin–Watson stat | 0.007977 |
Source(s): Authors’ Calculation
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