The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
From: Trade liberalization and premature deindustrialization in Colombia
Coefficients | ||||
---|---|---|---|---|
(b) | (B) | (b − B) | root(diag(V_b − V_B)) | |
Fixed effects | Random effects | Difference | Standard errors | |
AET | 0.178321 | 0.1934864 | − 0.0216544 | |
ME exports/total exports | − 0.501472 | − 0.0749419 | 0.0247947 | 0.0142754 |
GDP per capita | − 0.0012573 | − 0.0005217 | − 0.0007356 | 0.0002191 |
international trade/GDP | − 0.0087361 | 0.0268002 | − 0.0355363 | 0.0155522 |
FDI/GDP | − 0.2839273 | − 0.4304603 | 0.146533 | 0.0536757 |
Real exchange rate | − 0.0196157 | − 0.0196283 | 0.0000125 | |
b = consistent under Ho y Ha; obtained from xtreg | ||||
B = inconsistent under Ha, efficient under Ho; obtained from xtreg | ||||
Test: Ho: difference in coefficients is not systematic | ||||
chi2(5) = (b − B)′[(V_b − V_B)^(−1)](b − B) | ||||
= 40.59 | ||||
Prob > chi2 = 0.0000 |