Updated Panel and Pool Command Summary—57
Cross-section random effects test comparisons:
Variable |
Fixed |
Random |
Var(Diff.) |
Prob. |
|
|
|
|
|
|
|
|
|
|
F |
0.110124 |
0.109781 |
0.000031 |
0.9506 |
K |
0.310065 |
0.308113 |
0.000006 |
0.4332 |
|
|
|
|
|
|
|
|
|
|
The bottom portion of the output contains the results from the corresponding fixed effects estimation:
Cross-section random effects test equation:
Dependent Variable: I
Method: Panel Least Squares
Date: 11/24/04 Time: 12:51
Sample: 1935 1954
Cross-sections included: 10
Total panel (balanced) observations: 200
Variable |
Coefficient |
Std. Error |
t-Statistic |
Prob. |
|
|
|
|
|
|
|
|
|
|
C |
-58.74394 |
12.45369 |
-4.716990 |
0.0000 |
F |
0.110124 |
0.011857 |
9.287901 |
0.0000 |
K |
0.310065 |
0.017355 |
17.86656 |
0.0000 |
|
|
|
|
|
|
|
|
|
|
Effects Specification
Cross-section fixed (dummy variables)
In some cases, EViews will automatically drop non-varying variables in order to construct the test statistic. These dropped variables will be indicated in this latter estimation output.
Updated Panel and Pool Command Summary
The following commands have been updated to support the new panel and pool equation testing features of EViews 5.1:
•fixedtest (p. 95)
•ranhaus (p. 122)
•testadd (p. 134)
•testdrop (p. 135)
58—Chapter 3. EViews 5.1 Panel and Pool Testing