Equation 11 restricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 191 Mean of dep. var. = 6.04549 LM het. test = 0. [1.00] Std. dev. of dep. var. = .920205 Durbin-Watson = 1.76192 [<1.00] Sum of squared residuals = 160.888 Jarque-Bera test = 21.0697 [.000] Variance of residuals = .846777 Ramsey's RESET2 = .850706E+38 [.000] Std. error of regression = .920205 Schwarz B.I.C. = 257.259 R-squared = .111823E-30 Log likelihood = -254.633 Adjusted R-squared = 0. Estimated Standard Variable Coefficient Error t-statistic P-value C 6.04549 .066584 90.7954 ** [.000] Equation 12 unrestricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 191 Mean of dep. var. = 6.04549 LM het. test = 12.4137 [.000] Std. dev. of dep. var. = .920205 Durbin-Watson = 1.88286 [<.809] Sum of squared residuals = 88.4665 Jarque-Bera test = .608508 [.738] Variance of residuals = .517348 Ramsey's RESET2 = 28.3784 [.000] Std. error of regression = .719269 F (zero slopes) = 7.36764 [.000] R-squared = .450135 Schwarz B.I.C. = 250.038 Adjusted R-squared = .389038 Log likelihood = -197.516 Estimated Standard Variable Coefficient Error t-statistic P-value C .977804 2.13942 .457041 [.648] LTNS 1.16458 .278987 4.17430 ** [.000] LSUPPLY1 -.781311 .220826 -3.53812 ** [.001] FOWNER1 -.178585 .097604 -1.82970 [.069] FOWNER2 -.087444 .092634 -.943971 [.347] FOWNER3 .126602 .055071 2.29890 * [.023] FOWNER4 .032668 .074722 .437196 [.663] FDUMMY1 -.028690 .076390 -.375569 [.708] FDUMMY2 .168886 .050500 3.34425 ** [.001] FDUMMY3 .028657 .088690 .323110 [.747] FDUMMY4 .132425 .061005 2.17073 * [.031] FDUMMY5 .010680 .052720 .202581 [.840] FDUMMY6 -.070867 .058016 -1.22151 [.224] FDUMMY7 -.080367 .058150 -1.38205 [.169] FDUMMY8 -.029867 .071184 -.419579 [.675] FDUMMY9 .147260 .049660 2.96540 ** [.003] FDUMMY10 -.134090 .075042 -1.78687 [.076] FSTAT1 2.96150 .452988 6.53770 ** [.000] FSTAT2 -.131394 .174510 -.752932 [.453] FSTAT3 -.056965 .110230 -.516787 [.606] F(19,171) Test Statistic: 7.367642, Upper tail area: .00000