hello hope all of you are fine, since i am new to eonometrics i need your suggestions regarding the following estimated results;
i have 10 asian countries, dependent is inflation while the independent variables are: m1 , m2 and their lags, import value index(ivi) , tax revenue(tgr), food supply rigidity(fsr), openness(opn).
first of all i tested for unit root and then estimated the eguation following are the estimated results:
Dependent Variable: INF
Method: Panel EGLS (Cross-section weights)
Date: 09/12/14 Time: 03:59
Sample (adjusted): 2002 2012
Periods included: 11
Cross-sections included: 10
Total panel (unbalanced) observations: 101
Linear estimation after one-step weighting matrix
Variable Coefficient Std. Error t-Statistic Prob.
C 4.207429 1.373024 3.064352 0.0030
IVI -0.000563 0.000341 -1.649308 0.1029
IVI(-1) 0.006653 0.002409 2.761746 0.0071
FSR01GR 0.281658 0.068388 4.118499 0.0001
M2GR(-1) 0.111146 0.051810 2.145245 0.0349
M2GR -0.077493 0.057714 -1.342690 0.1831
TGR 8.165695 4.201102 1.943703 0.0554
M1GR -0.031696 0.018655 -1.699000 0.0931
M1GR(-1) 0.012008 0.019564 0.613818 0.5410
OPNCH 5.075064 3.224868 1.573728 0.1194
Effects Specification
Cross-section fixed (dummy variables)
Weighted Statistics
R-squared 0.673270 Mean dependent var 6.339933
Adjusted R-squared 0.601549 S.D. dependent var 3.926087
S.E. of regression 3.002387 Sum squared resid 739.1750
F-statistic 9.387332 Durbin-Watson stat 1.706730
Prob(F-statistic) 0.000000
Unweighted Statistics
R-squared 0.602375 Mean dependent var 6.096649
Sum squared resid 838.0891 Durbin-Watson stat 1.716275
Hausman test accepted the fixed effects as best, now what you say the results are good enough or not, and what should i do next, please help me in this regard
help needed in panel estimation
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