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M3 Wyniki

The document presents the results of a two-way effects random effect model using Nerlove's transformation on an unbalanced panel dataset with 1859 observations. The model shows low R-squared values, indicating a weak explanatory power, with coefficients for the variables Xdk, Xdl, Xdh, and Xyr not statistically significant. The residuals analysis reveals a range of values, suggesting variability in the model's predictions.

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9 views1 page

M3 Wyniki

The document presents the results of a two-way effects random effect model using Nerlove's transformation on an unbalanced panel dataset with 1859 observations. The model shows low R-squared values, indicating a weak explanatory power, with coefficients for the variables Xdk, Xdl, Xdh, and Xyr not statistically significant. The residuals analysis reveals a range of values, suggesting variability in the model's predictions.

Uploaded by

debska.backup
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Twoways effects Random Effect Model

(Nerlove's transformation)

Call:
plm(formula = formula_, data = data_plm, effect = c("twoways"),
model = c("random"), random.method = "nerlove", index = c("kraj",
"rok"))

Unbalanced Panel: n = 77, T = 2-27, N = 1859

Effects:
var std.dev share
idiosyncratic 0.0023478 0.0484546 0.898
individual 0.0001121 0.0105867 0.043
time 0.0001549 0.0124477 0.059
theta:
Min. 1st Qu. Median Mean 3rd Qu. Max.
id 0.04456980 0.3390225 0.3390225 0.3267491 0.3390225 0.3390225
time 0.54487559 0.5624653 0.5756626 0.5758629 0.5922814 0.5944996
total 0.04142385 0.2891521 0.2955809 0.2865027 0.3007343 0.3018645

Residuals:
Min. 1st Qu. Median Mean 3rd Qu. Max.
-0.69811 -0.01590 0.00333 0.00014 0.02186 0.28729

Coefficients:
Estimate Std. Error z-value Pr(>|z|)
(Intercept) 0.01835626 0.13849695 0.1325 0.8946
Xdk 0.56050153 0.79657493 0.7036 0.4817
Xdl 0.00036219 1.39571914 0.0003 0.9998
Xdh -0.01245029 1.59971294 -0.0078 0.9938
Xyr -0.00061122 0.00708244 -0.0863 0.9312

Total Sum of Squares: 5.6227


Residual Sum of Squares: 4.8113
R-Squared: 0.14436
Adj. R-Squared: 0.14252
Chisq: 0.524963 on 4 DF, p-value: 0.97103

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