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Error t-Statistic Prob. C 1.431690 0.253219 5.653956 0.0000 ENC -5.65E-08 2.35E-07 -0.239760 0.8123 Effects Specification Cross-section fixed (dummy variables) R-squared 0.261988 Mean dependent var 1.400000 Adjusted R-squared 0.207320 S.D. dependent var 1.328728 S.E. of regression 1.183000 Akaike info criterion 3.268624 Sum squared resid 37.78622 Schwarz criterion 3.408744 Log likelihood -46.02936 Hannan-Quinn criter. 3.313450 F-statistic 4.792384 Durbin-Watson stat 2.284179 Prob(F-statistic) 0.016552 Random Dependent Variable: SOR Method: Panel EGLS (Cross-section random effects) Date: 04/08/25 Time: 09:24 Sample: 2010 2024 Periods included: 15 Cross-sections included: 5 Total panel (balanced) observations: 75 Wallace and Hussain estimator of component variances Variable Coefficient Std. Error t-Statistic Prob. ENC -7.20E-08 2.35E-07 -0.306471 0.7615 C 1.440419 0.667991 2.156344 0.0398 Effects Specification S.D. Rho Cross-section random 0.874264 0.3532 Idiosyncratic random 1.183000 0.6468 Weighted Statistics R-squared 0.503343 Mean dependent var 0.461759 Adjusted R-squared 0.472252 S.D. dependent var 1.164373 S.E. of regression 1.183000 Sum squared resid 39.18571 F-statistic 0.093925 Durbin-Watson stat 2.199996 Prob(F-statistic) 0.761513 Unweighted Statistics R-squared 0.011704 Mean dependent var 1.400000 Sum squared resid 50.60077 Durbin-Watson stat 1.703697 FIXED Dependent Variable: SOR Method: Panel Least Squares Date: 04/08/25 Time: 09:25 Sample: 2010 2024 Periods included: 15 Cross-sections included: 5 Total panel (balanced) observations: 75 Variable Coefficient Std. Error t-Statistic Prob. ENC -5.65E-08 2.35E-07 -0.239760 0.8123 C 1.031690 1.853219 0.556701 0.3410 Effects Specification Cross-section fixed (dummy variables) R-squared 0.461988 Mean dependent var 1.400000 Adjusted R-squared 0.407320 S.D. dependent var 1.328728 S.E. of regression 1.183000 Akaike info criterion 3.268624 Sum squared resid 37.78622 Schwarz criterion 3.408744 Log likelihood -46.02936 Hannan-Quinn criter. 3.313450 F-statistic 0.792384 Durbin-Watson stat 2.284179 Prob(F-statistic) 0.416552 RANDOW Dependent Variable: ENR Method: Panel EGLS (Cross-section random effects) Date: 04/08/25 Time: 09:35 Sample: 2010 2024 Periods included: 15 Cross-sections included: 5 Total panel (balanced) observations: 75 Wallace and Hussain estimator of component variances Variable Coefficient Std. Error t-Statistic Prob. ENC -6.21E-08 1.60E-07 -0.387327 0.7014 C 1.234869 0.174977 7.057342 0.0000 Effects Specification S.D. Rho Cross-section random 0.000000 0.0000 Idiosyncratic random 0.821808 1.0000 Weighted Statistics R-squared 0.505389 M
