1. Table 4. Panel Regression with Fixed Effects
Fixed-effects (within) regression Number of obs = 1311 Group variable: cid1 Number of groups = 57 corr(u_i, Xb) =
CPS
Coef.
Std Err. T
P>|t|
[95% Conf. Interval]
POPG
-0.44
0.662
AGRI
-0.54
0.591
TOPENNESS
-0.70
0.484
GDPG
2.20
0.028
NFDI
0.05
0.962
GSC
0.18
0.855
DEM
0.15
0.879 RL
-1.45
0.147
-CONS
1.58
0.121
sigma_u | sigma_e |
rho | (fraction of variance due to u_i)
F test that all u_i=0: F(56, 1246) = Prob> F =
SYED HASSAN RAZA et al. Exploring the Determinants of Financial Development (Using Panel Data on Developed and Developing Countries). Journal of Finance and Economics, 2014, Vol. 2, No. 5, doi: /jfe-2-5-6
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