Table 2 The Results of Panel Regression...

Table 2

The Results of Panel Regression Model (FGLS)

DV	T	N	TO	Wald Test		IDV	Unstandardized Coefficients (b_i)	z	p	Collinearity Statistics
DV	T	N	TO	χ2	p	IDV	Unstandardized Coefficients (b_i)	z	p	Tol.	VIF
lnGPI	15	161	16,905	2557.98	0.000^*	Constant	1.5429	165.12	0.000^*
						lnVA	-0.0258	-9.51	0.000^*	0.351^♣	2.847^♣
						lnPSAVT	-0.0500	-20.59	0.000^*	0.499^♣	2.005^♣
						lnGE	-0.0189	-5.95	0.000^*	0.160^♣	6.243^♣
						lnRQ	-0.0131	-4.55	0.000^*	0.170^♣	5.869^♣
						lnCC	-0.0186	-6.91	0.000^*	0.188^♣	5.315^♣

DV	T	N	TO	Wald Test		IDV	Unstandardized Coefficients (b_i)	z	p	Collinearity Statistics
DV	T	N	TO	χ2	p	IDV	Unstandardized Coefficients (b_i)	z	p	Tol.	VIF
lnGPI	15	161	16,905	2557.98	0.000^*	Constant	1.5429	165.12	0.000^*
						lnVA	-0.0258	-9.51	0.000^*	0.351^♣	2.847^♣
						lnPSAVT	-0.0500	-20.59	0.000^*	0.499^♣	2.005^♣
						lnGE	-0.0189	-5.95	0.000^*	0.160^♣	6.243^♣
						lnRQ	-0.0131	-4.55	0.000^*	0.170^♣	5.869^♣
						lnCC	-0.0186	-6.91	0.000^*	0.188^♣	5.315^♣

Source: By authors

DV: Dependent Variable, T: Number of years, N: Number of countries, TO: Total observations, and IDV: Independent Variable.

(*) : The test values are significant at α=0.05.

(♣) : Since the tolerance value >0.1 and VIF<10, it can be deduced that the model does not contain a multicollinearity problem (Hair et al., 2014).

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