p-value for fixed cross-section panel data

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Apple Tan
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Joined: Sun Apr 12, 2015 5:18 pm

p-value for fixed cross-section panel data

Postby Apple Tan » Thu Jul 23, 2015 5:33 pm

I ran 2 specifications as in attached file.
Eqn1 is a a fixed cross-section panel data.

1) The value of theta1 is the same for both models. But why does the p-value DIFFER for theta1 in the 2 model?

2) Which results is more reliable?

Thank you
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