restricted 
					==========

		Method of estimation = Ordinary Least Squares 


 Dependent variable: LPSE
 Number of observations:  852

        Mean of dep. var. = 5.13485          LM het. test = .365304E-03 [.985]
   Std. dev. of dep. var. = .979764         Durbin-Watson = 1.79747 [<1.00]
 Sum of squared residuals = 816.907      Jarque-Bera test = 37.9262 [.000]
    Variance of residuals = .959938       Ramsey's RESET2 = .850706E+38 [.000]
 Std. error of regression = .979764        Schwarz B.I.C. = 1194.39
                R-squared = .151462E-29    Log likelihood = -1191.02
       Adjusted R-squared = 0.

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic       P-value
 C         5.13485       .033566       152.977       **  [.000]


					unrestricted 
					============

		Method of estimation = Ordinary Least Squares 


 Dependent variable: LPSE
 Number of observations:  852

        Mean of dep. var. = 5.13485      LM het. test = 21.2514 [.000]
   Std. dev. of dep. var. = .979764     Durbin-Watson = 1.82507 [<.076]
 Sum of squared residuals = 716.480  Jarque-Bera test = 12.4244 [.002]
    Variance of residuals = .865314   Ramsey's RESET2 = 3.18050 [.075]
 Std. error of regression = .930223   F (zero slopes) = 5.04602 [.000]
                R-squared = .122936    Schwarz B.I.C. = 1216.11
       Adjusted R-squared = .098573    Log likelihood = -1135.14

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic       P-value
 C         3.73756       .470299       7.94719       **  [.000]
 LSUPPLY1  -.073860      .052953       -1.39481          [.163]
 LTNS      .185009       .052942       3.49456       **  [.001]
 FOWNER1   -.424682E-03  .033651       -.012620          [.990]
 FOWNER2   -.025653      .032750       -.783294          [.434]
 FOWNER3   -.044223      .032941       -1.34250          [.180]
 FOWNER4   -.183685      .036667       -5.00948      **  [.000]
 FOWNER5   -.039255      .041202       -.952746          [.341]
 FDUMMY1   .036117       .043464       .830969           [.406]
 FDUMMY2   .263508E-02   .032753       .080453           [.936]
 FDUMMY3   .115316E-02   .032032       .036000           [.971]
 FDUMMY4   -.063352      .032342       -1.95882          [.050]
 FDUMMY5   -.013651      .031911       -.427802          [.669]
 FDUMMY6   .074803       .033140       2.25722       *   [.024]
 FDUMMY7   -.026653      .033066       -.806030          [.420]
 FDUMMY8   .076050       .032653       2.32905       *   [.020]
 FDUMMY9   -.054430      .032071       -1.69716          [.090]
 FDUMMY10  -.055274      .031932       -1.73098          [.084]
 FDUMMY11  -.034375      .032657       -1.05262          [.293]
 FDUMMY12  .059086       .032164       1.83701           [.067]
 FSTAT1    .080017       .043609       1.83489           [.067]
 FSTAT2    -.047848      .037984       -1.25969          [.208]
 FSTAT3    -.035603      .032455       -1.09699          [.273]
 FSTAT4    -.025075      .032458       -.772554          [.440]


 F(23,828)  Test Statistic: 5.046024, Upper tail area: .00000