TOTAL (plain OLS) Estimates: Dependent variable: L_INFL Mean of dep. var. = 3.32020 R-squared = .322720 Std. dev. of dep. var. = 1.81453 Adjusted R-squared = .317776 Sum of squared residuals = 307.733 LM het. test = 1.19631 [.274] Variance of residuals = 2.24623 Durbin-Watson = .733671 [.000,.000] Std. error of regression = 1.49874 Estimated Standard Variable Coefficient Error t-statistic P-value GDP_GR -.132440 .016392 -8.07958 [.000] C 3.16490 .128567 24.6168 [.000] F test of A,B=Ai,Bi: F(24,113) = 1.8371, P-value = [.0180] Critical F value for diffuse prior (Leamer, p.114) = 6.3295 BETWEEN (OLS on means) Estimates: Dependent variable: L_INFL Mean of dep. var. = 3.32202 Std. error of regression = .549119 Std. dev. of dep. var. = .568637 R-squared = .145182 Sum of squared residuals = 3.31685 Adjusted R-squared = .067471 Variance of residuals = .301532 LM het. test = 1.76515 [.184] Estimated Standard Variable Coefficient Error t-statistic P-value GDP_GR -.109304 .079969 -1.36683 [.199] C 3.19589 .178076 17.9468 [.000] WITHIN (fixed effects) Estimates: Dependent variable: L_INFL Mean of dep. var. = 3.32020 R-squared = .403228 Std. dev. of dep. var. = 1.81453 Adjusted R-squared = .341164 Sum of squared residuals = 271.153 LM het. test = 2.95288 [.086] Variance of residuals = 2.16922 Durbin-Watson = .837212 [.000,.000] Std. error of regression = 1.47283 Estimated Standard Variable Coefficient Error t-statistic P-value GDP_GR -.134081 .016612 -8.07124 [.000] F test of Ai,B=Ai,Bi: F(12,113) = 2.1180, P-value = [.0209] Critical F value for diffuse prior (Leamer, p.114) = 5.0014 F test of A,B=Ai,B: F(12,125) = 1.4053, P-value = [.1719] Critical F value for diffuse prior (Leamer, p.114) = 5.5325 Variance Components (random effects) Estimates: VWITH (variance of Uit) = 2.1692 VBET (variance of Ai) = 0.77005E-01 (computed from small sample formula) THETA (0=WITHIN, 1=TOTAL) = 0.71917 (evaluated at TMAX = 11) Dependent variable: L_INFL Mean of dep. var. = 3.32020 R-squared = .322720 Std. dev. of dep. var. = 1.81453 Adjusted R-squared = .317776 Sum of squared residuals = 307.735 LM het. test = 1.21398 [.271] Variance of residuals = 2.24624 Durbin-Watson = .734785 [.000,.000] Std. error of regression = 1.49875 Estimated Standard Variable Coefficient Error t-statistic P-value GDP_GR -.132901 .016242 -8.18260 [.000] C 3.16550 .147999 21.3887 [.000] Hausman test of H0:RE vs. FE: CHISQ(1) = 0.11445, P-value = [.7351]