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.919 -.3484662 3860926 d_deve | (omitted) _cons | 830004 1.070749 0.78 0.440 -1.286664 2.946672 - est sto P66 imtest, white White's test for Ho: homoskedasticity against Ha: unrestricted heteroskedasticity chi2(115) Prob > chi2 = = 125.04 0.2459 Cameron & Trivedi's decomposition of IM-test Source | chi2 df p -+ Heteroskedasticity | 125.04 115 0.2459 Skewness | 9.54 14 0.7948 Kurtosis | 2.66 0.1027 -+ Total | 137.25 130 0.3147 xtreg nim l.nim fgap nlst nlta lia llr lads size size2 eta llp gdp infl m2 d_cris d_deve,fe note: fgap omitted because of collinearity note: d_deve omitted because of collinearity Fixed-effects (within) regression Group variable: donvi Number of obs Number of groups = = 157 25 R-sq: Obs per group: = avg = max = 6.3 11 within = 0.4271 between = 0.6595 overall = 0.5379 corr(u_i, Xb) = -0.2714 F(14,118) Prob > F = = 6.28 0.0000 193sĩ, luận án tiến sĩ Viết thuê luận văn thạc Mail : luanvanaz@gmail.com Phone: 0972.162.399 nim | Coef Std Err t P>|t| [95% Conf Interval] -+ -nim | L1 | 4741567 0876272 5.41 0.000 300631 6476824 | fgap | (omitted) nlst | 0090947 0149947 0.61 0.545 -.0205989 0387883 nlta | 0267038 0231557 1.15 0.251 -.0191509 0725584 lia | 048391 0255882 1.89 0.061 -.0022806 0990626 llr | 0026825 0027697 0.97 0.335 -.0028022 0081673 lads | 0134569 0839654 0.16 0.873 -.1528175 1797313 size | 3.452345 3.095244 1.12 0.267 -2.677081 9.58177 size2 | -.0206942 5.76869 -0.00 0.997 -11.44427 11.40288 eta | 2030523 1309546 1.55 0.124 -.0562734 4623781 llp | -.0180397 0235717 -0.77 0.446 -.064718 0286386 gdp | -.1981395 121514 -1.63 0.106 -.4387704 0424914 infl | -.0016922 0110754 -0.15 0.879 -.0236244 0202401 m2 | -.0000554 0000458 -1.21 0.229 -.0001461 0000353 d_cris | -.0435437 1923798 -0.23 0.821 -.4245082 3374207 d_deve | (omitted) _cons | -.1510615 1.423926 -0.11 0.916 -2.970822 2.668699 -+ -sigma_u | 5450701 sigma_e | 69271262 rho | 38239343 (fraction of variance due to u_i) -F test that all u_i=0: F(24, 118) = 1.82 Prob > F = 0.0187 est sto F66 xtreg nim l.nim fgap nlst nlta lia llr lads size size2 eta llp gdp infl m2 d_cris d_deve,re note: lia omitted because of collinearity note: d_deve omitted because of collinearity Random-effects GLS regression Group variable: donvi Number of obs Number of groups = = 157 25 R-sq: Obs per group: = avg = max = 6.3 11 within = 0.3667 between = 0.8812 overall = 0.6342 corr(u_i, X) Wald chi2(14) Prob > chi2 = (assumed) = = 246.16 0.0000 -nim | Coef Std Err z P>|z| [95% Conf Interval] -+ -nim | L1 | 7146075 067644 10.56 0.000 5820277 8471872 | fgap | 3.267956 1.647998 1.98 0.047 037939 6.497972 nlst | 0055133 0117015 0.47 0.638 -.0174212 0284479 nlta | -.0303751 0207151 -1.47 0.143 -.0709759 0102257 lia | (omitted) llr | 0011956 0019985 0.60 0.550 -.0027213 0051125 lads | 092511 0522323 1.77 0.077 -.0098624 1948844 size | 1.994871 2.458237 0.81 0.417 -2.823186 6.812927 size2 | 017643 4.116084 0.00 0.997 -8.049733 8.085019 eta | 135284 0935477 1.45 0.148 -.0480661 3186342 llp | -.012489 0169888 -0.74 0.462 -.0457864 0208084 gdp | -.1571819 1149658 -1.37 0.172 -.3825107 068147 infl | -.0097927 0110918 -0.88 0.377 -.0315322 0119468 m2 | -.0001018 0000455 -2.23 0.025 -.000191 -.0000125 d_cris | 0188132 1857939 0.10 0.919 -.3453361 3829625 d_deve | (omitted) _cons | 4.097959 1.800383 2.28 0.023 5692745 7.626644 -+ -sigma_u | sigma_e | 69271263 rho | (fraction of variance due to u_i) - xttest0 Breusch and Pagan Lagrangian multiplier test for random effects nim[donvi,t] = Xb + u[donvi] + e[donvi,t] Estimated results: | Var sd = sqrt(Var) -+ nim | 1.360039 1.166207 e | 4798508 6927126 u | 0 Test: Var(u) = chibar2(01) = 0.00 194sĩ, luận án tiến sĩ Viết thuê luận văn thạc Mail : luanvanaz@gmail.com Phone: 0972.162.399 Prob > chibar2 = 1.0000 est sto R66 hausman F66 R66 Note: the rank of the differenced variance matrix (11) does not equal the number of coefficients being tested (13); be sure this is what you expect, or there may be problems computing the test Examine the output of your estimators for anything unexpected and possibly consider scaling your variables so that the coefficients are on a similar scale Coefficients -| (b) (B) (b-B) sqrt(diag(V_b-V_B)) | F66 R66 Difference S.E -+ -L.nim | 4741567 7146075 -.2404508 0557029 nlst | 0090947 0055133 0035814 0093764 nlta | 0267038 -.0303751 0570788 0103476 llr | 0026825 0011956 0014869 0019177 lads | 0134569 092511 -.0790541 0657418 size | 3.452345 1.994871 1.457474 1.880852 size2 | -.0206942 017643 -.0383372 4.041737 eta | 2030523 135284 0677683 0916402 llp | -.0180397 -.012489 -.0055507 0163402 gdp | -.1981395 -.1571819 -.0409576 0393513 infl | -.0016922 -.0097927 0081005 m2 | -.0000554 -.0001018 0000464 4.93e-06 d_cris | -.0435437 0188132 -.0623569 0499062 -b = consistent under Ho and Ha; obtained from xtreg B = inconsistent under Ha, efficient under Ho; obtained from xtreg Test: Ho: difference in coefficients not systematic chi2(11) = (b-B)'[(V_b-V_B)^(-1)](b-B) = 54.82 Prob>chi2 = 0.0000 (V_b-V_B is not positive definite) xtabond nim fgap nlst nlta lia llr lads size size2 eta llp gdp infl m2 d_cris,twostep note: fgap dropped from div() because of collinearity note: fgap dropped because of collinearity Arellano-Bond dynamic panel-data estimation Group variable: donvi Time variable: year Number of obs Number of groups Obs per group: Number of instruments = 72 Wald chi2(14) Prob > chi2 = = 130 24 = avg = max = 5.416667 10 = = 47914.46 0.0000 Two-step results -nim | Coef Std Err z P>|z| [95% Conf Interval] -+ -nim | L1 | 3168381 1150499 2.75 0.006 0913445 5423318 | nlst | -.0119653 0165088 -0.72 0.469 -.0443219 0203912 nlta | 0196503 0152884 1.29 0.199 -.0103145 049615 lia | 0907776 0655259 1.39 0.166 -.0376509 2192061 llr | 0168902 0084396 2.00 0.045 0003489 0334315 lads | 2536683 1681254 1.51 0.131 -.0758515 5831881 size | 31.05614 13.55198 2.29 0.022 4.494753 57.61752 size2 | -2.631114 9.137201 -0.29 0.773 -20.5397 15.27747 eta | 5413333 4173132 1.30 0.195 -.2765856 1.359252 llp | -.1464228 0741311 -1.98 0.048 -.2917172 -.0011285 gdp | -.1346717 1913661 -0.70 0.482 -.5097424 2403991 infl | -.0119401 0070365 -1.70 0.090 -.0257313 0018512 m2 | -.0001321 0000433 -3.05 0.002 -.0002171 -.0000472 d_cris | 2662153 4067729 0.65 0.513 -.531045 1.063476 _cons | -1.44425 1.535312 -0.94 0.347 -4.453406 1.564906 -Warning: gmm two-step standard errors are biased; robust standard errors are recommended Instruments for differenced equation GMM-type: L(2/.).nim Standard: D.nlst D.nlta D.lia D.llr D.lads D.size D.size2 D.eta D.llp D.gdp D.infl D.m2 D.d_cris Instruments for level equation Standard: _cons estat sargan Sargan test of overidentifying restrictions 195sĩ, luận án tiến sĩ Viết thuê luận văn thạc Mail : luanvanaz@gmail.com Phone: 0972.162.399 H0: overidentifying restrictions are valid chi2(57) Prob > chi2 = = 15.9888 1.0000 estat abond Arellano-Bond test for zero autocorrelation in first-differenced errors + -+ |Order | z Prob > z| | + | | |-2.8026 0.0051 | | |-1.4778 0.1395 | + -+ H0: no autocorrelation est sto GMM66 esttab P66 F66 R66 GMM66,r2 star(* 0.1 ** 0.05 *** 0.01) brackets nogap -(1) (2) (3) (4) nim nim nim nim -L.nim 0.715*** 0.474*** 0.715*** 0.317*** [10.56] [5.41] [10.56] [2.75] fgap 3.268** [1.98] nlst 0.00551 0.00909 0.00551 -0.0120 [0.47] [0.61] [0.47] [-0.72] nlta 0.00230 0.0267 -0.0304 0.0197 [0.13] [1.15] [-1.47] [1.29] lia 0.0327** 0.0484* 0.0908 [1.98] [1.89] [1.39] llr 0.00120 0.00268 0.00120 0.0169** [0.60] [0.97] [0.60] [2.00] lads 0.0925* 0.0135 0.0925* 0.254 [1.77] [0.16] [1.77] [1.51] size 1.995 3.452 1.995 31.06** [0.81] [1.12] [0.81] [2.29] size2 0.0176 -0.0207 0.0176 -2.631 [0.00] [-0.00] [0.00] [-0.29] eta 0.135 0.203 0.135 0.541 [1.45] [1.55] [1.45] [1.30] llp -0.0125 -0.0180 -0.0125 -0.146** [-0.74] [-0.77] [-0.74] [-1.98] gdp -0.157 -0.198 -0.157 -0.135 [-1.37] [-1.63] [-1.37] [-0.70] infl -0.00979 -0.00169 -0.00979 -0.0119* [-0.88] [-0.15] [-0.88] [-1.70] m2 -0.000102** -0.0000554 -0.000102** -0.000132*** [-2.23] [-1.21] [-2.23] [-3.05] d_cris 0.0188 -0.0435 0.0188 0.266 [0.10] [-0.23] [0.10] [0.65] d_deve _cons 0.830 -0.151 4.098** -1.444 [0.78] [-0.11] [2.28] [-0.94] -N 157 157 157 130 R-sq 0.634 0.427 -t statistics in brackets * p