Dependent Variable: LY

Method: Panel Least Squares

Date: 05/17/13 Time: 10:23
Sample: 1 28 IF T<5 AND FIRM<4
Periods included: 4
Cross-sections included: 3

Total panel (balanced)

observations: 12
Variable

Coefficient

Std. Error

t-Statistic

Prob.

C
LK
FIRM=2
FIRM=3
T=2
T=3
T=4

18.94021
0.241523
2.252930
-0.487065
0.039884
0.075157
0.094484

4.524686
0.175107
0.593837
0.124083
0.017068
0.025765
0.035296

4.185973
1.379282
3.793854
-3.925309
2.336768
2.916954
2.676891

0.0086
0.2263
0.0127
0.0111
0.0666
0.0331
0.0440

R-squared
Adjusted R-squared
S.E. of regression
Sum squared resid
Log likelihood
F-statistic
Prob(F-statistic)

Firm
1
1
1
1
2
2
2
2
3
3
3
3

0.999961
0.999913
0.015829
0.001253
37.97645
21110.38
0.000000

T
1
2
3
4
1
2
3
4
1
2
3
4

Mean dependent var

S.D. dependent var
Akaike info criterion
Schwarz criterion
Hannan-Quinn criter.
Durbin-Watson stat

Intercept
C(1)
C(1)+C(5)
C(1)+C(6)
C(1)+C(7)
C(1)+C(3)
C(1)+C(5) +C(3)
C(1)+C(6) +C(3)
C(1)+C(7) +C(3)
C(1)+C(4)
C(1)+C(5) +C(4)
C(1)+C(6) +C(4)
C(1)+C(7) +C(4)

26.06103
1.698598
-5.162742
-4.879880
-5.267468
2.046455

LK
C(2)
C(2)
C(2)
C(2)
C(2)
C(2)
C(2)
C(2)
C(2)
C(2)
C(2)
C(2)

Y @Expand(Cov,A,B)

Y CV1*@Expand(A,B)
CV2*@Expand(A,B)
CV1*CV2*@Expand(A,B)
@Expand(A,B)

Y CV1*CV2 CV1 Cv2

@Expand(A,B)