|
En ASS.---- Coefficients ----
| (b) (B) (b-B)
sqrt(diag(V_b-V_B))
| fixe .
Difference S.E.
-------------+----------------------------------------------------------------
rto | .0268602 -.0061266
.0329868 .
traval | .0496985 -.0122046
.0619031 .0227824
capbours | -.6926856 -1.040982
.3482961 .9453209
dext | -.38326 -.129854
-.253406 .1819165
open | 2.346968 1.5194
.8275676 1.390388
inv | .1115019 .1287215
-.0172196 .0109727
rto² | -.0001216 .0000319
-.0001535 .
traval² | -.0000839 .0000588
-.0001427 .0000508
cabours | -.0393097 .1554829
-.1947927 .1816873
------------------------------------------------------------------------------
b = consistent under Ho and Ha; obtained
from xtregar
B = inconsistent under Ha, efficient under
Ho; obtained from xtregar
Test: Ho: difference in coefficients not
systematic
chi2(7) =
(b-B)'[(V_b-V_B)^(-1)](b-B)
= 38.72
Prob>chi2 = 0.0000
(V_b-V_B is not positive
definite)
Conclusion : La probabilité est
inférieure à 1% on retient le modèle à effets fixes
pour estimer l'influence du développement boursier sur la croissance
économique en ASS.
En ASE. ---- Coefficients ----
| (b) (B) (b-B)
sqrt(diag(V_b-V_B))
| fixe .
Difference S.E.
-------------+----------------------------------------------------------------
rto | .0809839 .0573867
.0235973 .0238953
traval | -.0493666 .0459596
-.0953262 .087286
capbours | 1.188945 -13.54097
14.72992 10.08726
inv | .2729787 .1459682
.1270105 .0477023
open | -.5247324 -6.75732
6.232588 2.312741
dext | -4.746648 -5.054215
.3075675 .5755128
rto² | -.0003375 -.0001745
-.000163 .0001275
Traval² | .000094 -.0000963
.0001903 .0001748
Capbours²| 4.005473 9.474251
-5.468778 3.156293
------------------------------------------------------------------------------
b = consistent under Ho and Ha; obtained
from xtregar
B = inconsistent under Ha, efficient under
Ho; obtained from xtregar
Test: Ho: difference in coefficients not
systematic
chi2(7) =
(b-B)'[(V_b-V_B)^(-1)](b-B)
= 9.96
Prob>chi2 = 0.1910
(V_b-V_B is not positive
definite)
Conclusion: La probabilité est supérieur
à 1% on retient le modèle à effets aléatoires pour
estimer l'influence du développement boursier sur la croissance
économique en ASE.
|
