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Statistics/Data Analysis

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Statistics/Data Analysis StataCorp
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Single-user 2-core Stata license expires 13 Jul 2020:

Serial number: 501609208889
Licensed to: SAM E&M
Kemenko Perekonomian RI

Notes:
1. Unicode is supported; see help unicode_advice.
2. More than 2 billion observations are allowed; see help obs_advice.
3. Maximum number of variables is set to 5000; see help set_maxvar.
4. New update available; type -update all-

1 . use "C:\Users\staf ahli menko\Downloads\aye.dta"

2 . xtset no year, yearly

panel variable: no (unbalanced)
time variable: year, 2015 to 2018
delta: 1 year

3 . xtabond2 lnpdrbkap lnpdrbkap_lag1 lninfr lninetspeed lnpenduduk i.year, gmm( lnpdrbkap_lag1 ,lag (2 3) col
> lapse) gmm(lninfr, lag (2 3) collapse) iv(lninetspeed lninetspeed i.year)
Favoring space over speed. To switch, type or click on mata: mata set matafavor speed, perm.

Dynamic panel-data estimation, one-step system GMM

Group variable: no Number of obs = 114

Time variable : year Number of groups = 31
Number of instruments = 11 Obs per group: min = 1
Wald chi2(8) = 29.14 avg = 3.68
Prob > chi2 = 0.000 max = 4

lnpdrbkap Coef. Std. Err. z P>|z| [95% Conf. Interval]

lnpdrbkap_lag1 .2190782 .1223236 1.79 0.073 -.0206716 .458828

lninfr .5549589 .1457342 3.81 0.000 .2693251 .8405927
lninetspeed -.0470708 .0734305 -0.64 0.522 -.1909919 .0968503
lnpenduduk .035994 .0749239 0.48 0.631 -.1108541 .1828422

year
2015 0 (empty)
2016 -.4856903 .1435928 -3.38 0.001 -.7671271 -.2042536
2017 -.7856422 .2267389 -3.46 0.001 -1.230042 -.3412422
2018 -.9931643 .3032754 -3.27 0.001 -1.587573 -.3987556

_cons 6.368664 1.643351 3.88 0.000 3.147755 9.589573

Instruments for first differences equation

Standard
D.(lninetspeed lninetspeed 2015b.year 2016.year 2017.year 2018.year)
GMM-type (missing=0, separate instruments for each period unless collapsed)
L(2/3).lninfr collapsed
L(2/3).lnpdrbkap_lag1 collapsed
Instruments for levels equation
Standard
lninetspeed lninetspeed 2015b.year 2016.year 2017.year 2018.year
_cons
GMM-type (missing=0, separate instruments for each period unless collapsed)
DL.lninfr collapsed
DL.lnpdrbkap_lag1 collapsed

Arellano-Bond test for AR(1) in first differences: z = -0.30 Pr > z = 0.768

Arellano-Bond test for AR(2) in first differences: z = 0.27 Pr > z = 0.788
 Thursday December 5 16:34:47 2019 Page 2

Sargan test of overid. restrictions: chi2(2) = 1.53 Prob > chi2 = 0.465
(Not robust, but not weakened by many instruments.)

Difference-in-Sargan tests of exogeneity of instrument subsets:

GMM instruments for levels
Sargan test excluding group: chi2(0) = 0.09 Prob > chi2 = .
Difference (null H = exogenous): chi2(2) = 1.44 Prob > chi2 = 0.486

4 .