Least square regression analysis for all councils
| All councils (n = 395) | |||
|---|---|---|---|
| Variables | Model 1 | Model 2 | Model 3 |
| C | 0.577*** (0.033) [17.484] | 0.561*** (0.035) [16.038] | 0.546*** (0.043) [12.563] |
| Community engagement | −0.029 (0.037) [−0.769] | −0.029 (0.037) [−0.769] | −0.021 (0.038) [−0.542] |
| Surplus revenue | -- | 0.044* (0.03) [1.472] | 0.069* (0.036) [1.932] |
| Current assets | -- | 0.007 (0.004) [1.875] | 0.008 (0.004) [2.020] |
| Cash-on-hand | -- | −0.002 (0.003) [−0.547] | −0.002 (0.003) [−0.695] |
| Expenditure on population | -- | -- | 0.000** (0.000) [0.00] |
| Expenditure on property | -- | -- | 0.000 (0.000) [0.00] |
| R2 | 0.779 | 0.784 | 0.786 |
| Adjusted R2 | 0.721 | 0.724 | 0.724 |
| SE of regression | 0.034 | 0.033 | 0.033 |
| F-statistic | 13.240 | 13.047 | 12.778 |
| Prob. (F-statistic) | 0.000 | 0.000 | 0.000 |
| All councils ( | |||
|---|---|---|---|
| Variables | Model 1 | Model 2 | Model 3 |
| C | 0.577 | 0.561 | 0.546 |
| Community engagement | −0.029 (0.037) [−0.769] | −0.029 (0.037) [−0.769] | −0.021 (0.038) [−0.542] |
| Surplus revenue | -- | 0.044 | 0.069 |
| Current assets | -- | 0.007 (0.004) [1.875] | 0.008 (0.004) [2.020] |
| Cash-on-hand | -- | −0.002 (0.003) [−0.547] | −0.002 (0.003) [−0.695] |
| Expenditure on population | -- | -- | 0.000 |
| Expenditure on property | -- | -- | 0.000 (0.000) [0.00] |
| 0.779 | 0.784 | 0.786 | |
| Adjusted | 0.721 | 0.724 | 0.724 |
| SE of regression | 0.034 | 0.033 | 0.033 |
| F-statistic | 13.240 | 13.047 | 12.778 |
| Prob. (F-statistic) | 0.000 | 0.000 | 0.000 |
Note(s):
*, ** and *** represent statistical significance at the p < 0.05, p < 0.01 and p < 0.001 levels, respectively. Two values are reported below the estimated coefficient. The first, in parenthesis, is the standard errors and the second in brackets is the t-statistics
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