*-* LIMDEP *-* File created 12/01/93 / 15:28:41 Reading file \QPRO\ASA94\ASA9407X.WK1 SAMPLE set to observations 1 to 279 There are 34 variables in the data work area. Use STATUS for a list. 279 missing values were converted to -999: MODEL COMMAND: DSTAT;RHS=*$ Descriptive Statistics Variable Mean Std. Dev. Skew. Kurt. Minimum Maximum Cases V2 81.108 44.227 -0.061 1.736 5.000 155.0 279 V3 0.00000 0.00000 -0.061 1.736 0.0000 0.0000 0 TAIWAN 0.21505E-01 0.14532 6.585 44.362 0.0000 1.000 279 GINYEAR 1969.3 8.2519 0.253 2.643 1952. 1988. 279 D60 0.43369 0.49647 0.267 1.068 0.0000 1.000 279 D70 0.32616 0.46965 0.740 1.544 0.0000 1.000 279 D80 0.12903 0.33584 2.209 5.877 0.0000 1.000 279 HI 0.76344 0.42573 -1.238 2.528 0.0000 1.000 279 QD20 0.83154 0.37495 -1.768 4.124 0.0000 1.000 279 QD10 0.13620 0.34362 2.117 5.480 0.0000 1.000 279 TOP20 48.389 9.1723 0.291 2.257 26.80 70.80 279 GINI10 41.096 9.7756 0.197 2.438 18.60 68.99 279 GINI20 39.427 9.2517 0.231 2.440 18.60 63.70 279 ALF 38.204 25.972 0.320 1.970 1.600 95.20 279 AGDP 20.136 14.338 0.640 2.536 1.400 62.00 279 NRI 18.170 11.066 -0.048 1.769 -3.900 39.00 279 SEC 46.013 28.884 0.209 1.781 0.3000 105.0 279 P14 35.478 9.6166 -0.252 1.475 14.90 51.20 279 SUBTECH 2.2662 0.72675 -0.678 2.940 0.0000 3.000 278 SDU 18.227 15.191 0.841 3.280 0.0000 67.70 279 LENC 2.9505 0.69250 -0.424 2.355 0.6990 4.049 279 LENC2 9.1834 3.9181 -0.037 1.820 0.4886 16.39 279 DLENC -0.29477E-01 0.69250 -0.424 2.355 -2.281 1.069 279 DLENC2 0.47870 0.57501 3.587 23.824 0.1137E-10 5.203 279 LRGDP1 3.3697 0.43940 -0.260 1.914 2.403 4.098 276 LRGDP2 3.3682 0.43517 -0.245 1.922 2.382 4.100 276 LRGDP3 3.3704 0.43658 -0.229 1.919 2.364 4.111 276 PDEM 70.953 27.937 -0.533 1.880 10.40 100.0 279 PDEM2 58.121 35.996 -0.186 1.434 1.082 100.0 279 DPDEM -12.047 27.937 -0.533 1.880 -72.60 17.00 279 DPDEM2 9.2283 12.455 1.694 4.925 0.0000 52.71 279 COMM 0.75269E-01 0.26430 3.214 11.326 0.0000 1.000 279 DEVAGR 0.44444 0.49780 0.223 1.046 0.0000 1.000 279 DEVHOR 0.12186 0.32772 2.308 6.322 0.0000 1.000 279 CNTRY 47.093 25.013 -0.105 1.829 1.000 88.00 279 ......... MODEL COMMAND: REGRESS;PANEL;RANDOM;LHS=TOP20;RHS=SEC,NRI,SDU,ALF,DLENC,DLE NC2,COMM,DEVHOR,DEVAGR,HI;STR=CNTRY;OUTPUT=3$ Unconditional ANOVA (No regressors) Source Variation Deg. Free. Mean Square Between 19714.8 87. 226.607 Residual 3673.69 191. 19.2340 Total 23388.5 278. 84.1313 OLS Without Group Dummy Variables Ordinary least squares regression. Dep. Variable = TOP20 Observations = 279 Weights = ONE Mean of LHS = 0.4838907E+02 Std.Dev of LHS = 0.9172313E+01 StdDev of residuals= 0.5301375E+01 Sum of squares = 0.7532026E+04 R-squared = 0.6779604E+00 Adjusted R-squared= 0.6659440E+00 F[ 10, 268] = 0.5641958E+02 Log-likelihood = -0.8556351E+03 Restr.(á=0) Log-l = -0.1013700E+04 Amemiya Pr. Criter.= 0.6212438E+01 Akaike Info.Crit. = 0.2921264E+02 ANOVA Source Variation Degrees of Freedom Mean Square Regression 0.1585648E+05 10. 0.1585648E+04 Residual 0.7532026E+04 268. 0.2810457E+02 Total 0.2338851E+05 278. 0.8413133E+02 Variable Coefficient Std. Error t-ratio Prob|t|òx Mean of X Std.Dev.of X ------------------------------------------------------------------------------- SEC -0.91275E-01 0.2482E-01 -3.677 0.00029 46.013 28.884 NRI 0.17208 0.5863E-01 2.935 0.00362 18.170 11.066 SDU 0.45645 0.6071E-01 7.518 0.00000 18.227 15.191 ALF -0.29070 0.5474E-01 -5.310 0.00000 38.204 25.972 DLENC -2.9853 1.560 -1.914 0.05673 -0.29477E-01 0.69250 DLENC2 -2.7653 0.7867 -3.515 0.00052 0.47870 0.57501 COMM -9.3819 1.503 -6.241 0.00000 0.75269E-01 0.26430 DEVHOR 2.6463 2.077 1.274 0.20381 0.12186 0.32772 DEVAGR 1.6627 1.420 1.171 0.24261 0.44444 0.49780 HI -1.9480 0.7987 -2.439 0.01537 0.76344 0.42573 Constant 54.616 2.342 23.325 0.00000 Random Effects Model: v(i,t) = e(i,t) + u(i) 2 estimates of Var[u] + Q * Var[e] Based on Means OLS 0.20575E+02 0.21622E+02 (Used Means. Q = 0.5035) Estimates: Var[e] = 0.151637E+02 Var[u] = 0.129409E+02 Corr[v(i,t),v(i,s)] = 0.460455 Lagrange Multiplier Test vs. Model (3) = 60.31906 ( 1 df, prob value = 0.000000) Estd. Autocorrelation of e(i,t) -0.017091 Reestimated using GLS coefficients: Estimates: Var[e] = 0.171312E+02 Var[u] = 0.141408E+02 Sum of Squares 0.784111E+04 R-squared 0.664745E+00 Variable Coefficient Std. Error t-ratio Prob|t|òx Mean of X Std.Dev.of X ------------------------------------------------------------------------------- SEC -0.90000E-01 0.2503E-01 -3.595 0.00032 46.013 28.884 NRI 0.18207 0.6308E-01 2.887 0.00390 18.170 11.066 SDU 0.30074 0.6884E-01 4.369 0.00001 18.227 15.191 ALF -0.16353 0.6374E-01 -2.566 0.01030 38.204 25.972 DLENC -2.1418 1.945 -1.101 0.27094 -0.29477E-01 0.69250 DLENC2 -3.1255 0.9332 -3.349 0.00081 0.47870 0.57501 COMM -10.747 2.097 -5.124 0.00000 0.75269E-01 0.26430 DEVHOR 2.0095 2.426 0.828 0.40740 0.12186 0.32772 DEVAGR 0.97071 1.717 0.565 0.57174 0.44444 0.49780 HI -1.7613 0.7349 -2.397 0.01655 0.76344 0.42573 Constant 53.004 2.565 20.666 0.00000 End cmnd. entry from editor