Table 5 Driscoll-Kraay test.
Pooled OLS | GLS (Random-effects) | |||
---|---|---|---|---|
Factors | Coeff. | Std.Err | Coeff. | Std.Err |
LEG | 0.4846* | 0.0282 | 0.1060*** | 0.1055 |
LDE | 0.2571*** | 0.0843 | 1.0234* | 0.1073 |
LFINE | -0.3753* | 0.0457 | -0.1060*** | 0.0054 |
LPD | 0.1302* | 0.0074 | -0.1120* | 0.0112 |
LEGxDE | -0.0282 | 0.0120 | -0.1024* | 0.0176 |
Cons | -2.2480* | 0.2865 | 0.7608 | 1.0070 |
F-stat | 14444.13[0.001] | 4411.16 [0 00] | ||
R-Sq | 0.5863 | 0.5307 |