------------------------------------------------------------------------------- log: C:\temp\PA_LOG_file.log log type: text opened on: 8 May 2003, 15:33:50 . set mem 80m; Current memory allocation current memory usage settable value description (1M = 1024k) -------------------------------------------------------------------- set maxvar 5000 max. variables allowed 1.733M set memory 80M max. data space 80.000M set matsize 400 max. RHS vars in models 1.254M ----------- 82.987M . set matsize 200; Current memory allocation current memory usage settable value description (1M = 1024k) -------------------------------------------------------------------- set maxvar 5000 max. variables allowed 1.733M set memory 80M max. data space 80.000M set matsize 200 max. RHS vars in models 0.322M ----------- 82.054M . use "C:\temp\PA_DTA_file.dta", clear; . summarize _all; Variable | Obs Mean Std. Dev. Min Max -------------+-------------------------------------------------------- uniqueid | 5279 4522030 2391582 21950 9201992 country | 0 id | 5279 452.0059 239.1582 2 920 year | 5279 1971.031 12.40115 1950 1992 polityiv | 4471 9.458958 7.781557 0 20 -------------+-------------------------------------------------------- poly12 | 4663 9.478338 12.44197 0 47.11 fhscore | 2533 7.547572 4.110995 2 14 pcaplog | 4422 7.701958 1.009998 5.398163 10.37393 rgdppcgr | 4298 2.137384 6.858262 -47.39726 189.7233 open | 4401 54.67122 36.13284 4.67 423.41 -------------+-------------------------------------------------------- cpi | 3582 24.44699 27.04789 0 181.9031 prime | 4441 12.04739 4.800677 .4930556 29.3 second | 4301 3.267624 2.783957 0 16.41869 presiden | 5279 .304982 .4604434 0 1 parliamn | 5279 .3028983 .4595551 0 1 -------------+-------------------------------------------------------- bksfrac | 4222 .2910503 .3144004 0 .9956 oecd | 4434 .1955345 .3966563 0 1 dv1 | 4471 1 0 1 1 dv2 | 4663 1 0 1 1 dv3 | 2533 1 0 1 1 . tis year; . iis id; . sort id year; . tsset id year, yearly; panel variable: id, 2 to 920 time variable: year, 1950 to 1992 . *************************** > *** > *** Table 1 - Column 1 > *** > ***************************; . xtpcse polityiv L1.pcaplog L1.rgdppcgr L1.open L1.cpi L1.prime > L1.second L1.presiden L1.parliamn L1.bksfrac if dv1==1 & > dv2==1, pairwise c(a); Number of gaps in sample: 68 (note: computations for rho restarted at each gap) (note: estimates of rho outside [-1,1] bounded to be in the range [-1,1]) (note: at least one disturbance covariance assumed 0, no common time periods between panels) Prais-Winsten regression, correlated panels corrected standard errors (PCSEs) Group variable: id Number of obs = 2812 Time variable: year Number of groups = 105 Panels: correlated (unbalanced) Obs per group: min = 2 Autocorrelation: common AR(1) avg = 26.78095 Sigma computed by pairwise selection max = 41 Estimated covariances = 5565 R-squared = 0.3500 Estimated autocorrelations = 1 Wald chi2(9) = 864.48 Estimated coefficients = 10 Prob > chi2 = 0.0000 ------------------------------------------------------------------------------ | Panel-corrected | Coef. Std. Err. z P>|z| [95% Conf. Interval] -------------+---------------------------------------------------------------- pcaplog | L1 | 3.614316 .2070782 17.45 0.000 3.20845 4.020181 rgdppcgr | L1 | -.0184908 .0059518 -3.11 0.002 -.0301562 -.0068255 open | L1 | -.008624 .00362 -2.38 0.017 -.0157191 -.0015288 cpi | L1 | -.0089288 .0078991 -1.13 0.258 -.0244107 .006553 prime | L1 | -.0426942 .0350784 -1.22 0.224 -.1114467 .0260583 second | L1 | .0359183 .0715182 0.50 0.616 -.1042548 .1760915 presiden | L1 | .2450403 .2479717 0.99 0.323 -.2409754 .731056 parliamn | L1 | 2.0606 .4095496 5.03 0.000 1.257897 2.863302 bksfrac | L1 | 2.788066 .5141297 5.42 0.000 1.78039 3.795741 _cons | -17.81163 1.463294 -12.17 0.000 -20.67964 -14.94363 -------------+---------------------------------------------------------------- rho | .8151247 ------------------------------------------------------------------------------ . *************************** > *** > *** Table 1 - Column 2 > *** > ***************************; . xtpcse poly12 L1.pcaplog L1.rgdppcgr L1.open L1.cpi L1.prime > L1.second L1.presiden L1.parliamn L1.bksfrac if dv1==1 & > dv2==1, pairwise c(a); Number of gaps in sample: 68 (note: computations for rho restarted at each gap) (note: estimates of rho outside [-1,1] bounded to be in the range [-1,1]) (note: at least one disturbance covariance assumed 0, no common time periods between panels) Prais-Winsten regression, correlated panels corrected standard errors (PCSEs) Group variable: id Number of obs = 2812 Time variable: year Number of groups = 105 Panels: correlated (unbalanced) Obs per group: min = 2 Autocorrelation: common AR(1) avg = 26.78095 Sigma computed by pairwise selection max = 41 Estimated covariances = 5565 R-squared = 0.3765 Estimated autocorrelations = 1 Wald chi2(9) = 1814.86 Estimated coefficients = 10 Prob > chi2 = 0.0000 ------------------------------------------------------------------------------ | Panel-corrected | Coef. Std. Err. z P>|z| [95% Conf. Interval] -------------+---------------------------------------------------------------- pcaplog | L1 | 6.579807 .3492945 18.84 0.000 5.895203 7.264412 rgdppcgr | L1 | -.0375311 .0088284 -4.25 0.000 -.0548345 -.0202277 open | L1 | -.011757 .0067591 -1.74 0.082 -.0250046 .0014905 cpi | L1 | .0087789 .009421 0.93 0.351 -.009686 .0272438 prime | L1 | -.2124665 .0557997 -3.81 0.000 -.3218319 -.103101 second | L1 | .1206839 .1238747 0.97 0.330 -.122106 .3634738 presiden | L1 | -.0804754 .3821573 -0.21 0.833 -.82949 .6685392 parliamn | L1 | 3.445869 .5479029 6.29 0.000 2.371999 4.519739 bksfrac | L1 | 7.293854 .74063 9.85 0.000 5.842246 8.745462 _cons | -40.39606 2.28009 -17.72 0.000 -44.86495 -35.92716 -------------+---------------------------------------------------------------- rho | .8016501 ------------------------------------------------------------------------------ . *************************** > *** > *** Table 1 - Column 3 > *** > ***************************; . drop if year == 1950; (122 observations deleted) . drop if year == 1974; (123 observations deleted) . drop if year == 1975; (123 observations deleted) . drop if year == 1976; (123 observations deleted) . drop if year == 1977; (123 observations deleted) . drop if year == 1978; (123 observations deleted) . drop if year == 1979; (123 observations deleted) . drop if year == 1980; (123 observations deleted) . drop if year == 1981; (123 observations deleted) . drop if year == 1982; (123 observations deleted) . drop if year == 1983; (123 observations deleted) . drop if year == 1984; (123 observations deleted) . drop if year == 1985; (123 observations deleted) . drop if year == 1986; (123 observations deleted) . drop if year == 1987; (123 observations deleted) . drop if year == 1988; (123 observations deleted) . drop if year == 1989; (123 observations deleted) . drop if year == 1990; (123 observations deleted) . drop if year == 1991; (123 observations deleted) . drop if year == 1992; (123 observations deleted) . tsset id year, yearly; panel variable: id, 2 to 920 time variable: year, 1951 to 1973 . xtpcse polityiv L1.pcaplog L1.rgdppcgr L1.open L1.cpi L1.prime > L1.second L1.presiden L1.parliamn L1.bksfrac if dv1==1 & > dv2==1, pairwise c(a); Number of gaps in sample: 11 (note: computations for rho restarted at each gap) (note: estimates of rho outside [-1,1] bounded to be in the range [-1,1]) (note: at least one disturbance covariance assumed 0, no common time periods between panels) Prais-Winsten regression, correlated panels corrected standard errors (PCSEs) Group variable: id Number of obs = 1245 Time variable: year Number of groups = 84 Panels: correlated (unbalanced) Obs per group: min = 1 Autocorrelation: common AR(1) avg = 14.82143 Sigma computed by pairwise selection max = 22 Estimated covariances = 3570 R-squared = 0.4402 Estimated autocorrelations = 1 Wald chi2(9) = 425.13 Estimated coefficients = 10 Prob > chi2 = 0.0000 ------------------------------------------------------------------------------ | Panel-corrected | Coef. Std. Err. z P>|z| [95% Conf. Interval] -------------+---------------------------------------------------------------- pcaplog | L1 | 2.805955 .3556721 7.89 0.000 2.10885 3.503059 rgdppcgr | L1 | -.0129463 .0105498 -1.23 0.220 -.0336236 .007731 open | L1 | -.0161721 .0087777 -1.84 0.065 -.0333762 .001032 cpi | L1 | .0297156 .0301238 0.99 0.324 -.0293261 .0887572 prime | L1 | .0693771 .0606887 1.14 0.253 -.0495706 .1883247 second | L1 | .3675887 .1019877 3.60 0.000 .1676965 .5674809 presiden | L1 | .237548 .3765729 0.63 0.528 -.5005214 .9756173 parliamn | L1 | 3.38986 .5614226 6.04 0.000 2.289492 4.490228 bksfrac | L1 | 3.93112 .8938401 4.40 0.000 2.179226 5.683014 _cons | -14.5886 2.670045 -5.46 0.000 -19.8218 -9.355412 -------------+---------------------------------------------------------------- rho | .7774888 ------------------------------------------------------------------------------ . *************************** > *** > *** Table 1 - Column 4 > *** > ***************************; . xtpcse poly12 L1.pcaplog L1.rgdppcgr L1.open L1.cpi L1.prime > L1.second L1.presiden L1.parliamn L1.bksfrac if dv1==1 & > dv2==1, pairwise c(a); Number of gaps in sample: 11 (note: computations for rho restarted at each gap) (note: estimates of rho outside [-1,1] bounded to be in the range [-1,1]) (note: at least one disturbance covariance assumed 0, no common time periods between panels) Prais-Winsten regression, correlated panels corrected standard errors (PCSEs) Group variable: id Number of obs = 1245 Time variable: year Number of groups = 84 Panels: correlated (unbalanced) Obs per group: min = 1 Autocorrelation: common AR(1) avg = 14.82143 Sigma computed by pairwise selection max = 22 Estimated covariances = 3570 R-squared = 0.4104 Estimated autocorrelations = 1 Wald chi2(9) = 832.87 Estimated coefficients = 10 Prob > chi2 = 0.0000 ------------------------------------------------------------------------------ | Panel-corrected | Coef. Std. Err. z P>|z| [95% Conf. Interval] -------------+---------------------------------------------------------------- pcaplog | L1 | 5.781833 .6190953 9.34 0.000 4.568429 6.995238 rgdppcgr | L1 | -.0233743 .0131158 -1.78 0.075 -.0490808 .0023322 open | L1 | -.020594 .0157738 -1.31 0.192 -.0515101 .0103221 cpi | L1 | .0887661 .0503175 1.76 0.078 -.0098544 .1873865 prime | L1 | -.142472 .0764463 -1.86 0.062 -.292304 .0073599 second | L1 | .213273 .1828585 1.17 0.243 -.1451232 .5716691 presiden | L1 | -.0607407 .5690254 -0.11 0.915 -1.17601 1.054529 parliamn | L1 | 5.0425 .6475769 7.79 0.000 3.773273 6.311728 bksfrac | L1 | 8.050059 1.175784 6.85 0.000 5.745564 10.35455 _cons | -36.29186 4.213836 -8.61 0.000 -44.55083 -28.0329 -------------+---------------------------------------------------------------- rho | .7881907 ------------------------------------------------------------------------------ . clear; . use "C:\temp\PA_DTA_file.dta", clear; . *************************** > *** > *** Table 1 - Column 5 > *** > ***************************; . drop if year == 1950; (122 observations deleted) . drop if year == 1951; (122 observations deleted) . drop if year == 1952; (122 observations deleted) . drop if year == 1953; (122 observations deleted) . drop if year == 1954; (122 observations deleted) . drop if year == 1955; (122 observations deleted) . drop if year == 1956; (122 observations deleted) . drop if year == 1957; (122 observations deleted) . drop if year == 1958; (122 observations deleted) . drop if year == 1959; (122 observations deleted) . drop if year == 1960; (123 observations deleted) . drop if year == 1961; (123 observations deleted) . drop if year == 1962; (123 observations deleted) . drop if year == 1963; (123 observations deleted) . drop if year == 1964; (123 observations deleted) . drop if year == 1965; (123 observations deleted) . drop if year == 1966; (123 observations deleted) . drop if year == 1967; (123 observations deleted) . drop if year == 1968; (123 observations deleted) . drop if year == 1969; (123 observations deleted) . drop if year == 1970; (123 observations deleted) . drop if year == 1971; (123 observations deleted) . drop if year == 1972; (123 observations deleted) . drop if year == 1973; (123 observations deleted) . drop if year == 1974; (123 observations deleted) . tsset id year, yearly; panel variable: id, 2 to 920 time variable: year, 1975 to 1992 . xtpcse polityiv L1.pcaplog L1.rgdppcgr L1.open L1.cpi L1.prime > L1.second L1.presiden L1.parliamn L1.bksfrac if dv1==1 & > dv2==1 & dv3==1, pairwise c(a); Number of gaps in sample: 50 (note: computations for rho restarted at each gap) (note: estimates of rho outside [-1,1] bounded to be in the range [-1,1]) (note: at least one disturbance covariance assumed 0, no common time periods between panels) Prais-Winsten regression, correlated panels corrected standard errors (PCSEs) Group variable: id Number of obs = 1402 Time variable: year Number of groups = 105 Panels: correlated (unbalanced) Obs per group: min = 2 Autocorrelation: common AR(1) avg = 13.35238 Sigma computed by pairwise selection max = 17 Estimated covariances = 5565 R-squared = 0.3938 Estimated autocorrelations = 1 Wald chi2(9) = 822.01 Estimated coefficients = 10 Prob > chi2 = 0.0000 ------------------------------------------------------------------------------ | Panel-corrected | Coef. Std. Err. z P>|z| [95% Conf. Interval] -------------+---------------------------------------------------------------- pcaplog | L1 | 3.371688 .2804273 12.02 0.000 2.822061 3.921316 rgdppcgr | L1 | -.0227548 .0085433 -2.66 0.008 -.0394994 -.0060101 open | L1 | -.0085843 .0039769 -2.16 0.031 -.0163789 -.0007896 cpi | L1 | -.0022574 .0095017 -0.24 0.812 -.0208803 .0163656 prime | L1 | -.1018742 .0471553 -2.16 0.031 -.194297 -.0094515 second | L1 | .0546555 .0986312 0.55 0.579 -.1386582 .2479691 presiden | L1 | .5077061 .4157147 1.22 0.222 -.3070798 1.322492 parliamn | L1 | 2.059088 .5915058 3.48 0.000 .8997576 3.218418 bksfrac | L1 | 3.598425 .8689727 4.14 0.000 1.89527 5.30158 _cons | -16.29118 1.704199 -9.56 0.000 -19.63135 -12.95101 -------------+---------------------------------------------------------------- rho | .8188497 ------------------------------------------------------------------------------ . *************************** > *** > *** Table 1 - Column 6 > *** > ***************************; . xtpcse poly12 L1.pcaplog L1.rgdppcgr L1.open L1.cpi L1.prime > L1.second L1.presiden L1.parliamn L1.bksfrac if dv1==1 & > dv2==1 & dv3==1, pairwise c(a); Number of gaps in sample: 50 (note: computations for rho restarted at each gap) (note: estimates of rho outside [-1,1] bounded to be in the range [-1,1]) (note: at least one disturbance covariance assumed 0, no common time periods between panels) Prais-Winsten regression, correlated panels corrected standard errors (PCSEs) Group variable: id Number of obs = 1402 Time variable: year Number of groups = 105 Panels: correlated (unbalanced) Obs per group: min = 2 Autocorrelation: common AR(1) avg = 13.35238 Sigma computed by pairwise selection max = 17 Estimated covariances = 5565 R-squared = 0.4197 Estimated autocorrelations = 1 Wald chi2(9) = 1197.54 Estimated coefficients = 10 Prob > chi2 = 0.0000 ------------------------------------------------------------------------------ | Panel-corrected | Coef. Std. Err. z P>|z| [95% Conf. Interval] -------------+---------------------------------------------------------------- pcaplog | L1 | 6.549495 .4920464 13.31 0.000 5.585102 7.513888 rgdppcgr | L1 | -.0464564 .0137037 -3.39 0.001 -.0733152 -.0195975 open | L1 | -.0123603 .0083481 -1.48 0.139 -.0287224 .0040017 cpi | L1 | .0164142 .0128227 1.28 0.201 -.0087179 .0415464 prime | L1 | -.2357989 .0877217 -2.69 0.007 -.4077303 -.0638675 second | L1 | .1590905 .1705877 0.93 0.351 -.1752552 .4934363 presiden | L1 | .0105463 .6213059 0.02 0.986 -1.207191 1.228283 parliamn | L1 | 2.924228 .8797709 3.32 0.001 1.199909 4.648547 bksfrac | L1 | 7.424168 1.254376 5.92 0.000 4.965635 9.8827 _cons | -40.61183 2.899081 -14.01 0.000 -46.29392 -34.92973 -------------+---------------------------------------------------------------- rho | .8128536 ------------------------------------------------------------------------------ . *************************** > *** > *** Table 1 - Column 7 > *** > ***************************; . xtpcse fhscore L1.pcaplog L1.rgdppcgr L1.open L1.cpi L1.prime > L1.second L1.presiden L1.parliamn L1.bksfrac if dv1==1 & > dv2==1 & dv3==1, pairwise c(a); Number of gaps in sample: 50 (note: computations for rho restarted at each gap) (note: estimates of rho outside [-1,1] bounded to be in the range [-1,1]) (note: at least one disturbance covariance assumed 0, no common time periods between panels) Prais-Winsten regression, correlated panels corrected standard errors (PCSEs) Group variable: id Number of obs = 1402 Time variable: year Number of groups = 105 Panels: correlated (unbalanced) Obs per group: min = 2 Autocorrelation: common AR(1) avg = 13.35238 Sigma computed by pairwise selection max = 17 Estimated covariances = 5565 R-squared = 0.5785 Estimated autocorrelations = 1 Wald chi2(9) = 1345.52 Estimated coefficients = 10 Prob > chi2 = 0.0000 ------------------------------------------------------------------------------ | Panel-corrected | Coef. Std. Err. z P>|z| [95% Conf. Interval] -------------+---------------------------------------------------------------- pcaplog | L1 | 2.236089 .1319191 16.95 0.000 1.977532 2.494645 rgdppcgr | L1 | -.0097156 .0041234 -2.36 0.018 -.0177973 -.0016338 open | L1 | -.0040358 .002227 -1.81 0.070 -.0084007 .0003291 cpi | L1 | -.0032488 .0029807 -1.09 0.276 -.0090909 .0025932 prime | L1 | -.0378104 .0179417 -2.11 0.035 -.0729755 -.0026453 second | L1 | .0296798 .0423321 0.70 0.483 -.0532896 .1126492 presiden | L1 | .6073687 .1912934 3.18 0.001 .2324406 .9822968 parliamn | L1 | .767831 .230023 3.34 0.001 .3169942 1.218668 bksfrac | L1 | 1.863914 .4651025 4.01 0.000 .9523297 2.775498 _cons | -9.713332 .8822629 -11.01 0.000 -11.44254 -7.984129 -------------+---------------------------------------------------------------- rho | .7802127 ------------------------------------------------------------------------------ . clear; . use "C:\temp\PA_DTA_file.dta", clear; . *************************** > *** > *** Table 2 - Column 1 > *** > ***************************; . xtpcse polityiv L1.pcaplog L1.rgdppcgr L1.open L1.cpi L1.prime > L1.second L1.presiden L1.parliamn L1.bksfrac if dv1==1 & > dv2==1 & dv3==1 & oecd==1, pairwise c(a); Number of gaps in sample: 7 (note: computations for rho restarted at each gap) (note: estimates of rho outside [-1,1] bounded to be in the range [-1,1]) Prais-Winsten regression, correlated panels corrected standard errors (PCSEs) Group variable: id Number of obs = 431 Time variable: year Number of groups = 22 Panels: correlated (unbalanced) Obs per group: min = 10 Autocorrelation: common AR(1) avg = 19.59091 Sigma computed by pairwise selection max = 21 Estimated covariances = 253 R-squared = 0.6977 Estimated autocorrelations = 1 Wald chi2(9) = 40.80 Estimated coefficients = 10 Prob > chi2 = 0.0000 ------------------------------------------------------------------------------ | Panel-corrected | Coef. Std. Err. z P>|z| [95% Conf. Interval] -------------+---------------------------------------------------------------- pcaplog | L1 | 3.339678 1.579083 2.11 0.034 .2447328 6.434623 rgdppcgr | L1 | -.0444302 .0263886 -1.68 0.092 -.096151 .0072906 open | L1 | .0149691 .0093982 1.59 0.111 -.0034511 .0333892 cpi | L1 | .0027431 .0095027 0.29 0.773 -.0158818 .021368 prime | L1 | .1609025 .0476338 3.38 0.001 .0675419 .254263 second | L1 | .2342153 .0681855 3.43 0.001 .1005743 .3678563 presiden | L1 | 1.717413 .9420305 1.82 0.068 -.1289334 3.563758 parliamn | L1 | .8981609 .9427479 0.95 0.341 -.9495911 2.745913 bksfrac | L1 | 5.75646 2.297138 2.51 0.012 1.254153 10.25877 _cons | -20.23332 14.38169 -1.41 0.159 -48.42093 7.954278 -------------+---------------------------------------------------------------- rho | .7960941 ------------------------------------------------------------------------------ . *************************** > *** > *** Table 2 - Column 2 > *** > ***************************; . xtpcse poly12 L1.pcaplog L1.rgdppcgr L1.open L1.cpi L1.prime > L1.second L1.presiden L1.parliamn L1.bksfrac if dv1==1 & > dv2==1 & dv3==1 & oecd==1, pairwise c(a); Number of gaps in sample: 7 (note: computations for rho restarted at each gap) (note: estimates of rho outside [-1,1] bounded to be in the range [-1,1]) Prais-Winsten regression, correlated panels corrected standard errors (PCSEs) Group variable: id Number of obs = 431 Time variable: year Number of groups = 22 Panels: correlated (unbalanced) Obs per group: min = 10 Autocorrelation: common AR(1) avg = 19.59091 Sigma computed by pairwise selection max = 21 Estimated covariances = 253 R-squared = 0.5232 Estimated autocorrelations = 1 Wald chi2(9) = 143.40 Estimated coefficients = 10 Prob > chi2 = 0.0000 ------------------------------------------------------------------------------ | Panel-corrected | Coef. Std. Err. z P>|z| [95% Conf. Interval] -------------+---------------------------------------------------------------- pcaplog | L1 | 4.952035 2.633569 1.88 0.060 -.2096663 10.11374 rgdppcgr | L1 | -.0912213 .0481044 -1.90 0.058 -.1855042 .0030615 open | L1 | .0432716 .0177008 2.44 0.015 .0085786 .0779647 cpi | L1 | .0193735 .024115 0.80 0.422 -.0278911 .0666382 prime | L1 | -.2719757 .1258518 -2.16 0.031 -.5186407 -.0253106 second | L1 | -.6912071 .1883477 -3.67 0.000 -1.060362 -.3220524 presiden | L1 | -1.10673 1.873697 -0.59 0.555 -4.779109 2.565648 parliamn | L1 | 2.86267 1.607883 1.78 0.075 -.2887217 6.014062 bksfrac | L1 | 16.97579 3.252964 5.22 0.000 10.6001 23.35148 _cons | -24.55308 24.2717 -1.01 0.312 -72.12474 23.01858 -------------+---------------------------------------------------------------- rho | .8447433 ------------------------------------------------------------------------------ . *************************** > *** > *** Table 2 - Column 3 > *** > ***************************; . xtpcse fhscore L1.pcaplog L1.rgdppcgr L1.open L1.cpi L1.prime > L1.second L1.presiden L1.parliamn L1.bksfrac if dv1==1 & > dv2==1 & dv3==1 & oecd==1, pairwise c(a); Number of gaps in sample: 7 (note: computations for rho restarted at each gap) (note: estimates of rho outside [-1,1] bounded to be in the range [-1,1]) Prais-Winsten regression, correlated panels corrected standard errors (PCSEs) Group variable: id Number of obs = 431 Time variable: year Number of groups = 22 Panels: correlated (unbalanced) Obs per group: min = 10 Autocorrelation: common AR(1) avg = 19.59091 Sigma computed by pairwise selection max = 21 Estimated covariances = 253 R-squared = 0.8810 Estimated autocorrelations = 1 Wald chi2(9) = 100.87 Estimated coefficients = 10 Prob > chi2 = 0.0000 ------------------------------------------------------------------------------ | Panel-corrected | Coef. Std. Err. z P>|z| [95% Conf. Interval] -------------+---------------------------------------------------------------- pcaplog | L1 | 2.533798 .4814296 5.26 0.000 1.590213 3.477382 rgdppcgr | L1 | -.0186568 .0095469 -1.95 0.051 -.0373683 .0000548 open | L1 | .0089739 .0028732 3.12 0.002 .0033424 .0146053 cpi | L1 | .0028339 .0043265 0.66 0.512 -.0056459 .0113136 prime | L1 | .1081351 .0210588 5.13 0.000 .0668607 .1494095 second | L1 | .1106491 .0343468 3.22 0.001 .0433307 .1779676 presiden | L1 | 1.027451 .3393656 3.03 0.002 .3623065 1.692595 parliamn | L1 | .5219599 .296098 1.76 0.078 -.0583816 1.102301 bksfrac | L1 | 2.931914 .693295 4.23 0.000 1.57308 4.290747 _cons | -14.93399 4.361941 -3.42 0.001 -23.48324 -6.384748 -------------+---------------------------------------------------------------- rho | .7700762 ------------------------------------------------------------------------------ . *************************** > *** > *** Table 2 - Column 4 > *** > ***************************; . xtpcse polityiv L1.pcaplog L1.rgdppcgr L1.open L1.cpi L1.prime > L1.second L1.presiden L1.parliamn L1.bksfrac if dv1==1 & > dv2==1 & dv3==1 & oecd==0, pairwise c(a); Number of gaps in sample: 50 (note: computations for rho restarted at each gap) (note: estimates of rho outside [-1,1] bounded to be in the range [-1,1]) (note: at least one disturbance covariance assumed 0, no common time periods between panels) Prais-Winsten regression, correlated panels corrected standard errors (PCSEs) Group variable: id Number of obs = 1296 Time variable: year Number of groups = 84 Panels: correlated (unbalanced) Obs per group: min = 1 Autocorrelation: common AR(1) avg = 15.42857 Sigma computed by pairwise selection max = 21 Estimated covariances = 3570 R-squared = 0.2369 Estimated autocorrelations = 1 Wald chi2(9) = 137.23 Estimated coefficients = 10 Prob > chi2 = 0.0000 ------------------------------------------------------------------------------ | Panel-corrected | Coef. Std. Err. z P>|z| [95% Conf. Interval] -------------+---------------------------------------------------------------- pcaplog | L1 | 2.054904 .293807 6.99 0.000 1.479052 2.630755 rgdppcgr | L1 | -.0149981 .0073464 -2.04 0.041 -.0293968 -.0005994 open | L1 | -.0025059 .0038355 -0.65 0.514 -.0100234 .0050115 cpi | L1 | -.0056449 .0106993 -0.53 0.598 -.0266151 .0153253 prime | L1 | .0138294 .0464603 0.30 0.766 -.0772311 .1048899 second | L1 | .0446351 .1055174 0.42 0.672 -.1621752 .2514454 presiden | L1 | .5460609 .3796999 1.44 0.150 -.1981372 1.290259 parliamn | L1 | 2.11984 .6802813 3.12 0.002 .7865127 3.453166 bksfrac | L1 | 3.566607 .8209401 4.34 0.000 1.957594 5.17562 _cons | -9.030775 1.837248 -4.92 0.000 -12.63172 -5.429834 -------------+---------------------------------------------------------------- rho | .7855944 ------------------------------------------------------------------------------ . *************************** > *** > *** Table 2 - Column 5 > *** > ***************************; . xtpcse poly12 L1.pcaplog L1.rgdppcgr L1.open L1.cpi L1.prime > L1.second L1.presiden L1.parliamn L1.bksfrac if dv1==1 & > dv2==1 & dv3==1 & oecd==0, pairwise c(a); Number of gaps in sample: 50 (note: computations for rho restarted at each gap) (note: estimates of rho outside [-1,1] bounded to be in the range [-1,1]) (note: at least one disturbance covariance assumed 0, no common time periods between panels) Prais-Winsten regression, correlated panels corrected standard errors (PCSEs) Group variable: id Number of obs = 1296 Time variable: year Number of groups = 84 Panels: correlated (unbalanced) Obs per group: min = 1 Autocorrelation: common AR(1) avg = 15.42857 Sigma computed by pairwise selection max = 21 Estimated covariances = 3570 R-squared = 0.2246 Estimated autocorrelations = 1 Wald chi2(9) = 188.76 Estimated coefficients = 10 Prob > chi2 = 0.0000 ------------------------------------------------------------------------------ | Panel-corrected | Coef. Std. Err. z P>|z| [95% Conf. Interval] -------------+---------------------------------------------------------------- pcaplog | L1 | 2.891034 .5479402 5.28 0.000 1.817091 3.964977 rgdppcgr | L1 | -.0340051 .0110602 -3.07 0.002 -.0556828 -.0123275 open | L1 | .0017706 .0060896 0.29 0.771 -.0101647 .0137059 cpi | L1 | -.0038065 .0109606 -0.35 0.728 -.0252888 .0176758 prime | L1 | -.0501207 .0707388 -0.71 0.479 -.1887662 .0885248 second | L1 | .2406491 .157875 1.52 0.127 -.0687802 .5500784 presiden | L1 | .7242638 .4883362 1.48 0.138 -.2328575 1.681385 parliamn | L1 | 1.729339 .7991012 2.16 0.030 .1631292 3.295548 bksfrac | L1 | 7.46478 1.090221 6.85 0.000 5.327986 9.601575 _cons | -18.15012 3.080201 -5.89 0.000 -24.1872 -12.11304 -------------+---------------------------------------------------------------- rho | .7521036 ------------------------------------------------------------------------------ . *************************** > *** > *** Table 2 - Column 6 > *** > ***************************; . xtpcse fhscore L1.pcaplog L1.rgdppcgr L1.open L1.cpi L1.prime > L1.second L1.presiden L1.parliamn L1.bksfrac if dv1==1 & > dv2==1 & dv3==1 & oecd==0, pairwise c(a); Number of gaps in sample: 50 (note: computations for rho restarted at each gap) (note: estimates of rho outside [-1,1] bounded to be in the range [-1,1]) (note: at least one disturbance covariance assumed 0, no common time periods between panels) Prais-Winsten regression, correlated panels corrected standard errors (PCSEs) Group variable: id Number of obs = 1296 Time variable: year Number of groups = 84 Panels: correlated (unbalanced) Obs per group: min = 1 Autocorrelation: common AR(1) avg = 15.42857 Sigma computed by pairwise selection max = 21 Estimated covariances = 3570 R-squared = 0.4021 Estimated autocorrelations = 1 Wald chi2(9) = 233.70 Estimated coefficients = 10 Prob > chi2 = 0.0000 ------------------------------------------------------------------------------ | Panel-corrected | Coef. Std. Err. z P>|z| [95% Conf. Interval] -------------+---------------------------------------------------------------- pcaplog | L1 | 1.414381 .1373775 10.30 0.000 1.145126 1.683636 rgdppcgr | L1 | -.0068116 .0036873 -1.85 0.065 -.0140385 .0004153 open | L1 | -.0000317 .0021361 -0.01 0.988 -.0042185 .004155 cpi | L1 | -.0096774 .0040695 -2.38 0.017 -.0176535 -.0017013 prime | L1 | .0253181 .0200769 1.26 0.207 -.014032 .0646681 second | L1 | .0252436 .0458531 0.55 0.582 -.0646269 .1151141 presiden | L1 | .6165838 .1839765 3.35 0.001 .2559964 .9771712 parliamn | L1 | .4462197 .2917086 1.53 0.126 -.1255186 1.017958 bksfrac | L1 | 1.626445 .4204406 3.87 0.000 .802397 2.450494 _cons | -4.690791 .8896448 -5.27 0.000 -6.434463 -2.947119 -------------+---------------------------------------------------------------- rho | .7593682 ------------------------------------------------------------------------------ . log close; log: C:\temp\PA_LOG_file.log log type: text closed on: 8 May 2003, 15:35:23 -------------------------------------------------------------------------------