1.

COMMON EFFECT MODEL

Dependent Variable: IPM

Method: Panel Least Squares
Date: 04/06/22 Time: 21:21
Sample: 2015 2020
Periods included: 6
Cross-sections included: 11
Total panel (balanced) observations: 66

Variable Coefficient Std. Error t-Statistic Prob.

C 57.57209 28.52981 2.017962 0.0480

LN_PM -1.037130 0.836296 -1.240146 0.2197
LN_PPP 4.544032 1.639603 2.771422 0.0074
LN_PPK -2.714243 2.199313 -1.234132 0.2219
LN_PDRB -2.427922 1.130871 -2.146949 0.0358

R-squared 0.258070    Mean dependent var 69.39439

Adjusted R-squared 0.209419    S.D. dependent var 3.663475
S.E. of regression 3.257366    Akaike info criterion 5.272449
Sum squared resid 647.2362    Schwarz criterion 5.438332
Log likelihood -168.9908    Hannan-Quinn criter. 5.337997
F-statistic 5.304493    Durbin-Watson stat 0.192243
Prob(F-statistic) 0.000986

2. FIXED EFFECT MODEL

Dependent Variable: IPM

Method: Panel Least Squares
Date: 04/07/22 Time: 11:22
Sample: 2015 2020
Periods included: 6
Cross-sections included: 11
Total panel (balanced) observations: 66

Variable Coefficient Std. Error t-Statistic Prob.

C 42.90737 16.84273 2.547530 0.0139

LN_PM -3.991600 1.056312 -3.778809 0.0004
LN_PPP 0.897657 0.294159 3.051604 0.0036
LN_PPK -0.840468 0.321606 -2.613347 0.0118
LN_PDRB 7.034067 0.967794 7.268144 0.0000

Effects Specification

Cross-section fixed (dummy variables)

R-squared 0.995260    Mean dependent var 69.39439

Adjusted R-squared 0.993959    S.D. dependent var 3.663475
S.E. of regression 0.284737    Akaike info criterion 0.522213
Sum squared resid 4.134824    Schwarz criterion 1.019861
Log likelihood -2.233013    Hannan-Quinn criter. 0.718857
F-statistic 764.9297    Durbin-Watson stat 1.315570
Prob(F-statistic) 0.000000
3. RANDOM EFFECT MODEL

Dependent Variable: IPM

Method: Panel EGLS (Cross-section random effects)
Date: 04/06/22 Time: 21:23
Sample: 2015 2020
Periods included: 6
Cross-sections included: 11
Total panel (balanced) observations: 66
Swamy and Arora estimator of component variances

Variable Coefficient Std. Error t-Statistic Prob.

C 54.26359 12.90817 4.203818 0.0001

LN_PM -4.421141 0.826647 -5.348282 0.0000
LN_PPP 1.079938 0.281325 3.838754 0.0003
LN_PPK -1.007182 0.312370 -3.224322 0.0020
LN_PDRB 6.246646 0.826787 7.555326 0.0000

Effects Specification
S.D. Rho

Cross-section random 3.829158 0.9945

Idiosyncratic random 0.284737 0.0055

Weighted Statistics

R-squared 0.881570    Mean dependent var 2.105663

Adjusted R-squared 0.873804    S.D. dependent var 0.837916
S.E. of regression 0.297662    Sum squared resid 5.404745
F-statistic 113.5183    Durbin-Watson stat 1.126557
Prob(F-statistic) 0.000000

Unweighted Statistics

R-squared -0.518965    Mean dependent var 69.39439

Sum squared resid 1325.097    Durbin-Watson stat 0.004595

4. UJI CHOW

Redundant Fixed Effects Tests

Equation: Untitled
Test cross-section fixed effects

Effects Test Statistic d.f. Prob.

Cross-section F 793.218115 (10,51) 0.0000

Cross-section Chi-square 333.515597 10 0.0000

Hasil Uji Chow menunjukkan nilai probabilita Cross-section

Chi-square sebesar 0.0000 < α 5 %, sehingga H0 ditolak, maka
model yang terpilih adalah model Fixed Effect (FEM).
5. UJI HAUSMAN

Correlated Random Effects - Hausman Test

Equation: Untitled
Test cross-section random effects

Chi-Sq.
Test Summary Statistic Chi-Sq. d.f. Prob.

Cross-section random 9.663544 4 0.0465

Hasil Uji Hausman menunjukkan nilai probabilita Cross-

section random sebesar 0.0465 < α 5 %, sehingga H0 ditolak, maka
model yang terpilih adalah model Fixed Effect.