5.3. Hàm ý chính sách
5.3.2. Về phía doanh nghiệp
Tăng năng suất lao động, huấn luyện kỹ năng cho người lao động để họ có thể tăng năng suất lao động.
Áp dụng khoa học kỹ thuật vào trong sản xuất để tăng năng suất, giảm giá thành, nâng cao chất lượng sản phẩm để hút nhà đầu tư nước ngoài.
Minh bạch trong quản lý và áp dụng các chuẩn mực quốc tế như ISO để các nhà đầu tư an tâm đầu tư.
Chủ động hội nhập trong các giao dịch quốc tế. Hiểu biết chuẩn mực, luật, các quy định trong thương mại quốc tế để tự bảo vệ mình và giao dịch hiệu quả.
1. Đỗ Thị Bích Hồng, 2017. Khủng hoảng và suy thoái kinh tế – thay đổi cách tiếp
cận về vai trò của Ngân hàng Trung ương. Viện Chiến lược ngân hàng, NHNN
Việt Nam – Ngày 29/09/2017.
2. Lê Thanh Tùng, 2014. Mối quan hệ giữa vốn đầu tư trực tiếp nước ngoài và độ
mở thương mại tại Việt Nam. Hội nhập và phát triển – Số 18 (28) – Tháng 09-
10/2014.
3. Nguyễn Thị Tuệ Anh, Vũ Xuân Nguyệt Hồng, Trần Toàn Thắng, Nguyễn Mạnh Hải, 2006. Tác động của đầu tư trực tiếp nước ngoài đến tăng trưởng kinh tế ở
Việt Nam. Dự án Sida.
4. Trương An Bình, 2015. Ảnh hưởng của biến động tỷ giá tới FDI tại Việt Nam. Kinh tế và dự báo.
Tiếng Anh
5. Agyenim Boateng, Xiuping Hua, Shaista Nisar, Junjie Wu, 2015. Examining the determinants of inward FDI: Evidence from Norway. Economic Modelling 47 (2015) 118–127.
6. Abdul Rahim Ridzuana, Nor Asmat Ismailb và Abdul Fatah Che Hamatb, 2018. Modeling Macroeconomic Determinants for Foreign Direct Investment Inflows in ASEAN-5 countries. International Journal of Economics and Management July 2018.
7. Abdul Hadi A.R., Zafar S., Iqbal T., Zafar Z., Iqbal Hussain H, 2018. Analyzing sectorial level determinants of inward foreign direct investment (FDI) in ASEAN. Polish journal of management studies, Vol.17 no.2, 2018.
8. Caroline Kariuki, 2015. The Determinants of Foreign Direct Investment in the African Union. Journal of Economics, Business and Management, Vol. 3, No. 3,
Business Studies, Vol. 26, No. 2 (2nd Qtr., 1995), pp. 281-299.
10. Dr. R. Venkatesan. Role of foreign direct investment in india. International Journal of Advanced Scientific Research & Development, Vol. 05, Spl. Iss. 03, Ver. III, Sep’ 2018, pp. 411 – 415.
11. Efiong, Eme Joel, Ayuk, Emmanuel Iyo, Imong, Nelly Raphael, 2018. Effects of Exchange Rate Fluctuations on Foreign Direct Investment in Nigeria between 2001 And 2015. Account and Financial Management Journal, Volume 3 Issue 01
January-2018, (Page No.-1277-1284).
12. Elizabeth Asiedu, 2002. On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different? World Development, Vol 30, No.1, pp. 107-119, 2002.
13. FriedrichSchneiderBruno SFrey, 1985. Economic and Political Determinants of Foreign Direct Investment. World Development, Vol. 13, No. 2, pp. 161-175, 1985.
14. Frederick Z. Jaspersen, Anthony H. Aylward and A. David Knox, 2000. Risk and Private Investment: Africa Compared with Other Developing Areas. Part of the Studies on the African economies book series (SAES), Investment and Risk in Africa pp 71-95.
15. Hong Hiep Hoang and Duc Hung Bui, 2014. Determinants of foreign direct investment in ASEAN: A panel approach. Management Science Letters 5 (2015)
213–222.
16. Hsiang-Hsi Liu và Pitprapha Dejphanomporn, 2018. Development of inward foreign direct investments in Thailand: determinants, effects and implications.
Asian Economic and Financial Review.
17. James B. Ang, 2008. Determinants of foreign direct investment in Malaysia.
2000–2012. Economics and Business Review, Vol. 2 (16), No. 1, 2016: 34–52. 19. Marek Hanusch, Ha Nguyen, Yashvir Algu, 2018. Exchange Rate Volatility and
FDI Inflows Evidence from cross country panel data. Discussion paper MTI Global Practice, No.2 June 2018.
20. Markus Leibrecht and Aleksandra Riedl, 2013. Modeling FDI based on a spatially augmented gravity model: Evidence for Central and Eastern European Countries. The Journal of International Trade & Economic Development: An International and Comparative Review.
21. Monireh Rafat, Maryam Farahani. The Country Risks and Foreign Direct Investment (FDI). Iran. Econ. Rev. Vol. 23, No. 1, 2019. pp. 235-260.
22. Madhabendra Sinha, Darius Tirtosuharto and Partha Pratim Sengupta, 2019. Impacts of FDI and Remittance Inflows in Developing Asia: A Comparative Dynamic Panel Study. The Economic Society of Australia.
23. Nur Liyana Mohamed Yousop, Nurhafiza Azman Ong, Nur’Asyiqin Ramdhan, Zuraidah Ahmad, Norhasniza Mohd Hasan Abdullah, Ferri Nasrul, Nor’Azurah Md Kamdari, Mohd Hanafi Azman Ong, 2018. Foreign direct investment inflows in malaysia: a quantitative approach. e-Academia Journal, Volume 7 Issue 1 2018, 120-133.
24. Phonesavanh Xaypanya Poomthan Rangkakulnuwat and Sasiwimon Warunsiri Paweenawat, (2015). The determinants of foreign direct investment in ASEAN.
International Journal of Social Economics, Vol. 42 Iss 3 pp. 239 – 250.
25. Ricardo Hausmann Eduardo Fernández-Arias, 2000. Foreign Direct Investment: Good Cholesterol? IDB Working Paper No. 348.
26. Sebastian Edwards. Capital Flows, Foreign Direct Investment, and Debt-Equity Swaps in Developing Countries. NBER Working Paper No. 3497.
27. Shang-JinWei, 2000. How Taxing is Corruption on International Investors? The
2010. Determinants of FDI in BRICS countries: A panel Analysis. Journal of Business Science & Applied Management, s.l., Vol. 5, Iss. 3, pp. 1-13.
30. https://www.bot.or.th/App/BTWS_STAT/statistics/ReportPage.aspx?reportID= 733&language=eng (Ngân hàng Trung ương Thái lan)
31. https://stats.mom.gov.sg/Pages/LabourForceTimeSeries.aspx (bộ nhân lực Singapore) 32. https://www.dosm.gov.my/v1/index.php?r=column/ctwoByCat&parent_id=123 &menu_id=U3VPMldoYUxzVzFaYmNkWXZteGduZz09 (Cục Thống kê Malaysia). 33. https://databank.worldbank.org/source/world-development-indicators# (World Bank).
34. https://www.gso.gov.vn/Default.aspx?tabid=217 (Tổng Cục Thống Kê Việt Nam).
35. https://www.prsgroup.com/tag/2018-political-risk-index/ (The International Country Risk Guide).
36. http://data.imf.org/?sk=388DFA60-1D26-4ADE-B505-A05A558D9A42 (Quỹ tiền tệ Quốc tế - IMF).
Biểu đồ 1.1: Dòng vốn đầu tư vào các khu vực của Châu Á năm 2017 – 2018 (Đơn vị tính: Tỷ USD).
Biểu đồ 1.2: Tỷ lệ FDI rịng so với GDP các quốc gia Đơng Nam Á Nguồn: World Bank 2018
-20.00 0.00 20.00 40.00 60.00 80.00 100.00 Tỷ lệ N et FDI /GDP Năm Indonesia Malaysia Philippines Singapore Thailand Vietnam
Biểu đồ 1.3: GDP qua các năm của các nước ASEAN. Nguồn: World Bank 2018
0 200 400 600 800 1000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
___/ / /___/ / /___/ Statistics/Data Analysis User: Thong ke mo ta truoc 2009 Project: Thong ke mo ta truoc 2009
lfin 48 69.11146 36.12831 18.16 127.23
name: <unnamed>
log: D:\LOP CAO HOC\HUONG NGHIEN CUU\LUAN VAN\SO LIEU\Thong ke mo ta truoc 2009.smcl
log type: smcl
opened on: 24 Nov 2019, 22:23:11
1 . summarize logfdi llogmark llogfx lint logcorr llogwage lhci llogpro logrisk lopen linf lfin lloginfras Variable Obs Mean Std. Dev. Min Max
logfdi 51 1.183419 1.080862 -2.65926 3.272606 llogmark 48 4.762828 .5926362 3.439456 6.068935 llogfx 48 4.705046 3.561767 .4121096 9.686893 lint 46 3.383913 3.485947 -6.55 12.32 logcorr 54 -1.010703 .4546765 -1.771957 -.2876821 llogwage 43 5.697439 1.081034 3.933393 7.825437 lhci 42 .7240476 .2300377 .06 .94 llogpro 48 9.986401 .9668232 8.520278 11.77219 logrisk 54 2.212701 .1930353 1.690096 2.397895 lopen 48 166.9063 108.5965 53.62 425.36 linf 48 3.83375 3.391445 -1.71 13.11 lfin 48 69.11146 36.12831 18.16 127.23 lloginfras 48 3.611655 1.012077 1.423108 5.103032 2 . log close name: <unnamed>
log: D:\LOP CAO HOC\HUONG NGHIEN CUU\LUAN VAN\SO LIEU\Thong ke mo ta truoc 2009.smcl
log type: smcl
___/ / /___/ / /___/ Statistics/Data Analysis User: Thong ke mo ta sau 2009 Project: Thong ke mo ta sau 2009 lfin 48 84.43625 38.16023 24.36 128.13
name: <unnamed>
log: D:\LOP CAO HOC\HUONG NGHIEN CUU\LUAN VAN\SO LIEU\Thong ke mo ta sau 2009.smcl
log type: smcl
opened on: 24 Nov 2019, 22:22:21
1 . summarize logfdi llogmark llogfx lint logcorr llogwage lhci llogpro logrisk lopen linf lfin lloginfras Variable Obs Mean Std. Dev. Min Max
logfdi 54 1.201833 1.159435 -2.813411 3.332919 llogmark 48 5.746891 .544153 4.663533 6.837204 llogfx 48 4.663376 3.739194 .2231435 9.995839 lint 48 3.906042 2.823869 -3.55 11.78 logcorr 54 -.7964746 .27722 -1.108663 -.1863296 llogwage 48 6.033806 .981457 4.774913 8.005994 lhci 48 .7689583 .1100916 .58 .89 llogpro 48 10.23963 .9146384 8.909397 11.90332 logrisk 54 2.013222 .1902736 1.585145 2.397895 lopen 48 150.7106 102.3284 37.42 379.1 linf 48 3.530208 3.255528 -.9 18.68 lfin 48 84.43625 38.16023 24.36 128.13 lloginfras 48 4.933547 .2126183 4.417997 5.268322 2 . log close name: <unnamed>
log: D:\LOP CAO HOC\HUONG NGHIEN CUU\LUAN VAN\SO LIEU\Thong ke mo ta sau 2009.smcl
log type: smcl
___/ / /___/ / /___/ Statistics/Data Analysis User: He so tuong quan truoc 2009 Project: He so tuong quan truoc 2009
0.0000 0.0000 0.0000 0.4970
name: <unnamed>
log: D:\LOP CAO HOC\HUONG NGHIEN CUU\LUAN VAN\SO LIEU\He so tuong quan truoc 2009.smcl log type: smcl
opened on: 16 Nov 2019, 21:06:51
1 . pwcorr logfdi logrisk logcorr llogmark lopen llogwage lhci llogpro linf lint lfin lloginfras llogfx, sig logfdi logrisk logcorr llogmark lopen llogwage lhci
logfdi 1.0000 logrisk 0.5107 1.0000 0.0001 logcorr 0.6161 0.3680 1.0000 0.0000 0.0062 llogmark -0.1520 -0.5042 0.0073 1.0000 0.3131 0.0003 0.9609 lopen 0.7166 0.5810 0.7553 -0.1004 1.0000 0.0000 0.0000 0.0000 0.4970 llogwage 0.6647 0.4782 0.7014 -0.2358 0.9314 1.0000 0.0000 0.0012 0.0000 0.1279 0.0000 lhci -0.1556 -0.1645 0.0705 0.6571 0.2092 0.2623 1.0000 0.3378 0.2979 0.6572 0.0000 0.1835 0.1168 llogpro 0.4846 0.2951 0.6410 0.3516 0.8508 0.9089 0.6142 0.0006 0.0417 0.0000 0.0143 0.0000 0.0000 0.0000 linf -0.4446 -0.3771 -0.2705 0.3346 -0.5363 -0.7186 0.0463 0.0020 0.0082 0.0630 0.0201 0.0001 0.0000 0.7708 lint -0.0906 -0.0836 -0.2038 -0.0925 -0.1007 0.0386 0.0692 0.5587 0.5807 0.1742 0.5409 0.5053 0.8108 0.6715 lfin 0.5171 0.5303 0.4570 -0.0305 0.6350 0.6031 0.2383 0.0002 0.0001 0.0011 0.8368 0.0000 0.0000 0.1285 lloginfras 0.5300 0.0978 0.7214 0.3462 0.7003 0.8225 0.4944 0.0002 0.5084 0.0000 0.0159 0.0000 0.0000 0.0009 llogfx -0.3524 -0.2044 -0.4958 -0.1359 -0.7059 -0.8816 -0.4636 0.0163 0.1635 0.0003 0.3570 0.0000 0.0000 0.0020
llogpro linf lint lfin llogin~s llogfx llogpro 1.0000
linf -0.4292 1.0000 0.0023
2 . log close
name: <unnamed>
log: D:\LOP CAO HOC\HUONG NGHIEN CUU\LUAN VAN\SO LIEU\He so tuong quan truoc 2009.smcl log type: smcl
___/ / /___/ / /___/ Statistics/Data Analysis User: He so tuong quan sau 2009 Project: He so tuong quan sau 2009
0.0026 0.1535 0.1980
name: <unnamed>
log: D:\LOP CAO HOC\HUONG NGHIEN CUU\LUAN VAN\SO LIEU\He so tuong quan sau 2009.smcl log type: smcl
opened on: 16 Nov 2019, 21:07:47
1 . pwcorr logfdi logrisk logcorr llogmark lopen llogwage lhci llogpro linf lint lfin lloginfras llogfx, sig logfdi logrisk logcorr llogmark lopen llogwage lhci
logfdi 1.0000 logrisk 0.5360 1.0000 0.0000 logcorr 0.6615 0.6015 1.0000 0.0000 0.0000 llogmark -0.3069 -0.3855 0.1284 1.0000 0.0338 0.0068 0.3845 lopen 0.8530 0.6270 0.6878 -0.3539 1.0000 0.0000 0.0000 0.0000 0.0136 llogwage 0.6836 0.5202 0.6497 -0.1818 0.8722 1.0000 0.0000 0.0002 0.0000 0.2162 0.0000 lhci 0.1274 -0.0833 0.2389 0.5138 0.3040 0.4868 1.0000 0.3881 0.5734 0.1019 0.0002 0.0357 0.0005 llogpro 0.5709 0.3327 0.6965 0.1698 0.7254 0.8921 0.7547 0.0000 0.0208 0.0000 0.2486 0.0000 0.0000 0.0000 linf -0.0753 -0.0490 -0.0489 -0.1564 -0.1727 -0.4574 -0.5088 0.6110 0.7408 0.7416 0.2885 0.2403 0.0011 0.0002 lint -0.0102 -0.0172 0.1680 0.2772 -0.0574 -0.0402 -0.0030 0.9451 0.9074 0.2536 0.0565 0.6986 0.7863 0.9837 lfin 0.5507 0.2461 0.1048 -0.4384 0.6697 0.5289 0.3229 0.0000 0.0918 0.4783 0.0018 0.0000 0.0001 0.0252 lloginfras 0.6746 0.3759 0.5566 -0.0564 0.7502 0.6585 0.3936 0.0000 0.0085 0.0000 0.7036 0.0000 0.0000 0.0056 llogfx -0.3046 -0.2077 -0.2640 0.1327 -0.5330 -0.8269 -0.6264 0.0353 0.1567 0.0699 0.3687 0.0001 0.0000 0.0000
llogpro linf lint lfin llogin~s llogfx llogpro 1.0000
linf -0.4820 1.0000 0.0005
2 . log close
name: <unnamed>
log: D:\LOP CAO HOC\HUONG NGHIEN CUU\LUAN VAN\SO LIEU\He so tuong quan sau 2009.smcl log type: smcl
___/ / /___/ / /___/ Statistics/Data Analysis User: Kiem dinh chon mo hinh truoc 2009 Project: Kiem dinh chon mo hinh truoc 2009 name: <unnamed>
log: D:\LOP CAO HOC\HUONG NGHIEN CUU\LUAN VAN\SO LIEU\Kiem dinh chon mo hinh truoc 2009.sm log type: smcl
opened on: 3 Nov 2019, 20:25:55
1 . xtreg logfdi logrisk logcorr llogmark lopen llogwage lhci llogpro linf lint lfin lloginfras llogfx, fe Fixed-effects (within) regression Number of obs = 33
Group variable: countryid Number of groups = 6
R-sq: Obs per group:
within = 0.6316 min = 3
between = 0.3339 avg = 5.5
overall = 0.2499 max = 8
F(12,15) = 2.14
corr(u_i, Xb) = -0.9959 Prob > F = 0.0823
logfdi Coef. Std. Err. t P>|t| [95% Conf. Interval] logrisk .5614372 1.361739 0.41 0.686 -2.341041 3.463916 logcorr -.3822759 .6582099 -0.58 0.570 -1.785217 1.020665 llogmark -6.274588 3.392516 -1.85 0.084 -13.50556 .9563878 lopen -.0091229 .0135179 -0.67 0.510 -.0379357 .0196899 llogwage 3.288761 1.760072 1.87 0.081 -.4627443 7.040266 lhci -3.747364 1.498418 -2.50 0.024 -6.941167 -.553561 llogpro 19.03654 14.30254 1.33 0.203 -11.44859 49.52168 linf -.0296286 .1008981 -0.29 0.773 -.2446879 .1854307 lint .0926291 .0517672 1.79 0.094 -.0177101 .2029684 lfin -.0371044 .0343843 -1.08 0.298 -.1103927 .036184 lloginfras 1.123965 1.44603 0.78 0.449 -1.958174 4.206104 llogfx 3.763654 4.923626 0.76 0.456 -6.730807 14.25812 _cons -195.1668 143.7949 -1.36 0.195 -501.6584 111.3248 sigma_u 10.835475 sigma_e .62423715
rho .99669201 (fraction of variance due to u_i)
F test that all u_i=0: F(5, 15) = 1.47 Prob > F = 0.2570 2 . est sto FEM
3 . xtreg logfdi logrisk logcorr llogmark lopen llogwage lhci llogpro linf lint lfin lloginfras llogfx, re Random-effects GLS regression Number of obs = 33
Group variable: countryid Number of groups = 6
R-sq: Obs per group:
within = 0.4548 min = 3
between = 0.9984 avg = 5.5
overall = 0.7989 max = 8
Wald chi2(12) = 79.43
logrisk 1.543627 1.316779 1.17 0.241 -1.037213 4.124467 logcorr -.7979795 .6061483 -1.32 0.188 -1.986008 .3900494 llogmark .4056165 .616433 0.66 0.511 -.80257 1.613803 lopen -.0017434 .0077636 -0.22 0.822 -.0169599 .013473 llogwage 1.319344 1.158452 1.14 0.255 -.9511799 3.589867 lhci -2.063348 1.174052 -1.76 0.079 -4.364446 .2377512 llogpro -.2397996 .8933353 -0.27 0.788 -1.990705 1.511105 linf -.0163967 .0933693 -0.18 0.861 -.1993972 .1666039 lint .037127 .0490615 0.76 0.449 -.0590317 .1332857 lfin .0136102 .0111301 1.22 0.221 -.0082045 .0354249 lloginfras 1.058739 .4920568 2.15 0.031 .0943252 2.023152 llogfx .3727679 .2113417 1.76 0.078 -.0414542 .7869899 _cons -14.95953 8.651927 -1.73 0.084 -31.917 1.997933 sigma_u 0 sigma_e .62423715
rho 0 (fraction of variance due to u_i)
4 . est sto REM 5 . hausman FEM REM
Coefficients
(b) (B) (b-B) sqrt(diag(V_b-V_B)) FEM REM Difference S.E.
logrisk .5614372 1.543627 -.9821901 .3470246 logcorr -.3822759 -.7979795 .4157036 .2565628 llogmark -6.274588 .4056165 -6.680205 3.336041 lopen -.0091229 -.0017434 -.0073795 .0110662 llogwage 3.288761 1.319344 1.969417 1.325083 lhci -3.747364 -2.063348 -1.684016 .9310533 llogpro 19.03654 -.2397996 19.27634 14.27461 linf -.0296286 -.0163967 -.013232 .038244 lint .0926291 .037127 .0555021 .0165172 lfin -.0371044 .0136102 -.0507146 .032533 lloginfras 1.123965 1.058739 .0652262 1.359736 llogfx 3.763654 .3727679 3.390886 4.919088
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(12) = (b-B)'[(V_b-V_B)^(-1)](b-B)
= 7.37
Prob>chi2 = 0.8322
(V_b-V_B is not positive definite) 6 . log close
name: <unnamed>
log: D:\LOP CAO HOC\HUONG NGHIEN CUU\LUAN VAN\SO LIEU\Kiem dinh chon mo hinh truoc 2009.sm log type: smcl
___/ / /___/ / /___/ Statistics/Data Analysis User: Kiem dinh chon mo hinh sau 2009 Project: Kiem dinh chon mo hinh sau 2009 logcorr 3.308302 1.395845 2.37 0.024 .4576054 6.158998
name: <unnamed>
log: D:\LOP CAO HOC\HUONG NGHIEN CUU\LUAN VAN\SO LIEU\Kiem dinh chon mo hinh sau 2009.smcl log type: smcl
opened on: 3 Nov 2019, 20:27:51
1 . xtreg logfdi logrisk logcorr llogmark lopen llogwage lhci llogpro linf lint lfin lloginfras llogfx, fe Fixed-effects (within) regression Number of obs = 48
Group variable: countryid Number of groups = 6
R-sq: Obs per group:
within = 0.3539 min = 8
between = 0.2033 avg = 8.0
overall = 0.1610 max = 8
F(12,30) = 1.37
corr(u_i, Xb) = -0.9965 Prob > F = 0.2341
logfdi Coef. Std. Err. t P>|t| [95% Conf. Interval] logrisk -.0859122 .6511405 -0.13 0.896 -1.415718 1.243894 logcorr 3.308302 1.395845 2.37 0.024 .4576054 6.158998 llogmark 1.653644 1.144478 1.44 0.159 -.6836923 3.990981 lopen .0076875 .0080163 0.96 0.345 -.0086838 .0240589 llogwage -.1897342 .8410355 -0.23 0.823 -1.907358 1.52789 lhci 14.48299 7.913164 1.83 0.077 -1.677851 30.64382 llogpro -6.575726 3.624882 -1.81 0.080 -13.97872 .8272713 linf -.0592142 .0425175 -1.39 0.174 -.1460466 .0276181 lint -.014391 .0351984 -0.41 0.686 -.0862757 .0574937 lfin .0160219 .0143925 1.11 0.274 -.0133715 .0454154 lloginfras -.0965483 .9952687 -0.10 0.923 -2.129158 1.936062 llogfx 1.815947 1.509764 1.20 0.238 -1.267402 4.899295 _cons 41.71654 23.93646 1.74 0.092 -7.16823 90.60132 sigma_u 11.364268 sigma_e .43979216
rho .99850458 (fraction of variance due to u_i)
F test that all u_i=0: F(5, 30) = 1.18 Prob > F = 0.3441
2 . xtreg logfdi logrisk logcorr llogmark lopen llogwage lhci llogpro linf lint lfin lloginfras llogfx, re Random-effects GLS regression Number of obs = 48
Group variable: countryid Number of groups = 6
R-sq: Obs per group:
within = 0.2330 min = 8
between = 0.9990 avg = 8.0
overall = 0.8599 max = 8
Wald chi2(12) = 214.88
corr(u_i, X) = 0 (assumed) Prob > chi2 = 0.0000
llogfx -.0944917 .1311868 -0.72 0.471 -.3516131 .1626297
_cons 14.98862 6.461108 2.32 0.020 2.32508 27.65216