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Kiểm định nghiệm đơn vị các biến Panel unit root test: Summary Series: LNGDP Date: 07/04/16 Time: 09:55 Sample: 2000 2014 Exogenous variables: Individual effects, individual linear trends Automatic selection of maximum lags Automatic lag length selection based on SIC: 0 to 2 Newey-West automatic bandwidth selection and Bartlett kernel Cross- Method Statistic Prob.** sections Obs Null: Unit root (assumes common unit root process) Levin, Lin & Chu t* -10.1806 0.0000 63 848 Breitung t-stat 6.49571 1.0000 63 785 Null: Unit root (assumes individual unit root process) Im, Pesaran and Shin W-stat -3.50669 0.0002 63 848 ADF - Fisher Chi-square 185.627 0.0004 63 848 PP - Fisher Chi-square 286.799 0.0000 63 882 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. Panel unit root test: Summary Series: D(LNGDP) Date: 07/04/16 Time: 09:59 Sample: 2000 2014 Exogenous variables: Individual effects, individual linear trends Automatic selection of maximum lags Automatic lag length selection based on SIC: 0 to 1 Newey-West automatic bandwidth selection and Bartlett kernel Cross- Method Statistic Prob.** sections Obs Null: Unit root (assumes common unit root process) Levin, Lin & Chu t* -15.7871 0.0000 63 805 Breitung t-stat -4.18376 0.0000 63 742 Null: Unit root (assumes individual unit root process) Im, Pesaran and Shin W-stat -8.19872 0.0000 63 805 ADF - Fisher Chi-square 279.612 0.0000 63 805 PP - Fisher Chi-square 356.352 0.0000 63 819 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. [xx] Panel unit root test: Summary Series: LNSI Date: 07/04/16 Time: 10:00 Sample: 2000 2014 Exogenous variables: Individual effects, individual linear trends Automatic selection of maximum lags Automatic lag length selection based on SIC: 0 to 2 Newey-West automatic bandwidth selection and Bartlett kernel Cross- Method Statistic Prob.** sections Obs Null: Unit root (assumes common unit root process) Levin, Lin & Chu t* -7.35587 0.0000 63 846 Breitung t-stat 0.79406 0.7864 63 783 Null: Unit root (assumes individual unit root process) Im, Pesaran and Shin W-stat -3.19555 0.0007 63 846 ADF - Fisher Chi-square 193.341 0.0001 63 846 PP - Fisher Chi-square 178.950 0.0014 63 882 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. Panel unit root test: Summary Series: D(LNSI) Date: 07/04/16 Time: 10:02 Sample: 2000 2014 Exogenous variables: Individual effects, individual linear trends Automatic selection of maximum lags Automatic lag length selection based on SIC: 0 to 1 Newey-West automatic bandwidth selection and Bartlett kernel Cross- Method Statistic Prob.** sections Obs Null: Unit root (assumes common unit root process) Levin, Lin & Chu t* -20.4342 0.0000 63 801 Breitung t-stat -8.85122 0.0000 63 738 Null: Unit root (assumes individual unit root process) Im, Pesaran and Shin W-stat -12.1502 0.0000 63 801 ADF - Fisher Chi-square 364.112 0.0000 63 801 PP - Fisher Chi-square 502.754 0.0000 63 819 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. [xxi] Panel unit root test: Summary Series: DI Date: 07/04/16 Time: 10:04 Sample: 2000 2014 Exogenous variables: Individual effects, individual linear trends Automatic selection of maximum lags Automatic lag length selection based on SIC: 0 to 2 Newey-West automatic bandwidth selection and Bartlett kernel Cross- Method Statistic Prob.** sections Obs Null: Unit root (assumes common unit root process) Levin, Lin & Chu t* -6.06077 0.0000 63 850 Breitung t-stat -0.54672 0.2923 63 787 Null: Unit root (assumes individual unit root process) Im, Pesaran and Shin W-stat -1.81760 0.0346 63 850 ADF - Fisher Chi-square 150.756 0.0656 63 850 PP - Fisher Chi-square 151.562 0.0601 63 882 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. Panel unit root test: Summary Series: D(DI) Date: 07/04/16 Time: 10:06 Sample: 2000 2014 Exogenous variables: Individual effects, individual linear trends Automatic selection of maximum lags Automatic lag length selection based on SIC: 0 to 1 Newey-West automatic bandwidth selection and Bartlett kernel Cross- Method Statistic Prob.** sections Obs Null: Unit root (assumes common unit root process) Levin, Lin & Chu t* -22.2330 0.0000 63 801 Breitung t-stat -13.9983 0.0000 63 738 Null: Unit root (assumes individual unit root process) Im, Pesaran and Shin W-stat -14.5940 0.0000 63 801 ADF - Fisher Chi-square 417.636 0.0000 63 801 PP - Fisher Chi-square 635.666 0.0000 63 819 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. [xxii] Panel unit root test: Summary Series: LNFDI Date: 07/04/16 Time: 10:07 Sample: 2000 2014 Exogenous variables: Individual effects, individual linear trends Automatic selection of maximum lags Automatic lag length selection based on SIC: 0 to 2 Newey-West automatic bandwidth selection and Bartlett kernel Cross- Method Statistic Prob.** sections Obs Null: Unit root (assumes common unit root process) Levin, Lin & Chu t* -10.9674 0.0000 63 838 Breitung t-stat -2.66343 0.0039 63 775 Null: Unit root (assumes individual unit root process) Im, Pesaran and Shin W-stat -7.03636 0.0000 63 838 ADF - Fisher Chi-square 261.496 0.0000 63 838 PP - Fisher Chi-square 233.000 0.0000 63 882 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. Panel unit root test: Summary Series: D(LNFDI) Date: 07/04/16 Time: 10:15 Sample: 2000 2014 Exogenous variables: Individual effects, individual linear trends Automatic selection of maximum lags Automatic lag length selection based on SIC: 0 to 1 Newey-West automatic bandwidth selection and Bartlett kernel Cross- Method Statistic Prob.** sections Obs Null: Unit root (assumes common unit root process) Levin, Lin & Chu t* -30.8449 0.0000 63 803 Breitung t-stat -11.2584 0.0000 63 740 Null: Unit root (assumes individual unit root process) Im, Pesaran and Shin W-stat -20.7588 0.0000 63 803 ADF - Fisher Chi-square 542.147 0.0000 63 803 PP - Fisher Chi-square 650.407 0.0000 63 819 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. [xxiii] Panel unit root test: Summary Series: LNOPEN Date: 07/04/16 Time: 10:18 Sample: 2000 2014 Exogenous variables: Individual effects, individual linear trends Automatic selection of maximum lags Automatic lag length selection based on SIC: 0 to 2 Newey-West automatic bandwidth selection and Bartlett kernel Cross- Method Statistic Prob.** sections Obs Null: Unit root (assumes common unit root process) Levin, Lin & Chu t* -6.48460 0.0000 63 855 Breitung t-stat 4.20426 1.0000 63 792 Null: Unit root (assumes individual unit root process) Im, Pesaran and Shin W-stat -1.42456 0.0771 63 855 ADF - Fisher Chi-square 165.206 0.0109 63 855 PP - Fisher Chi-square 192.921 0.0001 63 882 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. Panel unit root test: Summary Series: D(LNOPEN) Date: 07/04/16 Time: 10:20 Sample: 2000 2014 Exogenous variables: Individual effects, individual linear trends Automatic selection of maximum lags Automatic lag length selection based on SIC: 0 to 1 Newey-West automatic bandwidth selection and Bartlett kernel Cross- Method Statistic Prob.** sections Obs Null: Unit root (assumes common unit root process) Levin, Lin & Chu t* -23.5486 0.0000 63 796 Breitung t-stat -7.85594 0.0000 63 733 Null: Unit root (assumes individual unit root process) Im, Pesaran and Shin W-stat -15.2950 0.0000 63 796 ADF - Fisher Chi-square 438.482 0.0000 63 796 PP - Fisher Chi-square 654.639 0.0000 63 819 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. [xxiv] Panel unit root test: Summary Series: LNSE Date: 07/04/16 Time: 10:22 Sample: 2000 2014 Exogenous variables: Individual effects, individual linear trends Automatic selection of maximum lags Automatic lag length selection based on SIC: 0 to 2 Newey-West automatic bandwidth selection and Bartlett kernel Cross- Method Statistic Prob.** sections Obs Null: Unit root (assumes common unit root process) Levin, Lin & Chu t* -10.8075 0.0000 63 857 Breitung t-stat -1.64987 0.0495 63 794 Null: Unit root (assumes individual unit root process) Im, Pesaran and Shin W-stat -5.51927 0.0000 63 857 ADF - Fisher Chi-square 225.542 0.0000 63 857 PP - Fisher Chi-square 226.006 0.0000 63 882 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. Panel unit root test: Summary Series: D(LNSE) Date: 07/04/16 Time: 10:23 Sample: 2000 2014 Exogenous variables: Individual effects, individual linear trends Automatic selection of maximum lags Automatic lag length selection based on SIC: 0 to 1 Newey-West automatic bandwidth selection and Bartlett kernel Cross- Method Statistic Prob.** sections Obs Null: Unit root (assumes common unit root process) Levin, Lin & Chu t* -23.5341 0.0000 63 798 Breitung t-stat -6.62774 0.0000 63 735 Null: Unit root (assumes individual unit root process) Im, Pesaran and Shin W-stat -16.7263 0.0000 63 798 ADF - Fisher Chi-square 473.959 0.0000 63 798 PP - Fisher Chi-square 751.826 0.0000 63 819 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. [xxv] Panel unit root test: Summary Series: LB Date: 07/04/16 Time: 10:24 Sample: 2000 2014 Exogenous variables: Individual effects, individual linear trends Automatic selection of maximum lags Automatic lag length selection based on SIC: 0 to 2 Newey-West automatic bandwidth selection and Bartlett kernel Cross- Method Statistic Prob.** sections Obs Null: Unit root (assumes common unit root process) Levin, Lin & Chu t* -5.96849 0.0000 63 842 Breitung t-stat 1.18946 0.8829 63 779 Null: Unit root (assumes individual unit root process) Im, Pesaran and Shin W-stat -2.82891 0.0023 63 842 ADF - Fisher Chi-square 169.283 0.0061 63 842 PP - Fisher Chi-square 142.558 0.1487 63 882 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. Panel unit root test: Summary Series: D(LB) Date: 07/04/16 Time: 10:27 Sample: 2000 2014 Exogenous variables: Individual effects, individual linear trends Automatic selection of maximum lags Automatic lag length selection based on SIC: 0 to 1 Newey-West automatic bandwidth selection and Bartlett kernel Cross- Method Statistic Prob.** sections Obs Null: Unit root (assumes common unit root process) Levin, Lin & Chu t* -19.3615 0.0000 63 810 Breitung t-stat -9.73504 0.0000 63 747 Null: Unit root (assumes individual unit root process) Im, Pesaran and Shin W-stat -12.5852 0.0000 63 810 ADF - Fisher Chi-square 369.679 0.0000 63 810 PP - Fisher Chi-square 518.803 0.0000 63 819 ** Probabilities for Fisher tests are computed using an asymptotic Chi -square distribution. All other tests assume asymptotic normality. [xxvi] Phụ lục 4.2. Kết quả hồi quy PMG Dependent Variable: D(LNGDP) Method: ARDL Date: 07/04/16 Time: 09:26 Sample: 2001 2014 Included observations: 882 Dependent lags: 1 (Fixed) Dynamic regressors (1 lag, fixed): LNSI DI LNFDI LNOPEN LB Fixed regressors: LNSE C @TREND Variable Coefficient Std. Error t-Statistic Prob.* Long Run Equation LNSI -0.017490 0.005841 -2.994319 0.0029 DI 0.002412 0.000462 5.215459 0.0000 LNFDI 0.009672 0.000575 16.81293 0.0000 LNOPEN 0.019319 0.006265 3.083890 0.0022 LB 0.030277 0.000787 38.48094 0.0000 Short Run Equation COINTEQ01 -0.434205 0.038679 -11.22592 0.0000 D(LNSI) -0.010755 0.015642 -0.687610 0.4921 D(DI) 0.001039 0.002237 0.464305 0.6427 D(LNFDI) 0.002808 0.009587 0.292900 0.7698 D(LNOPEN) -0.079888 0.019827 -4.029189 0.0001 D(LB) -0.012468 0.004893 -2.548207 0.0112 LNSE -0.056258 0.038381 -1.465780 0.1436 C 0.024809 0.109306 0.226967 0.8206 @TREND 0.067350 0.005635 11.95138 0.0000 Mean dependent var 0.161190 S.D. dependent var 0.085806 S.E. of regression 0.059739 Akaike info criterion -2.767679 Sum squared resid 1.331146 Schwarz criterion 0.168699 Log likelihood 1879.728 Hannan-Quinn criter. -1.648591 *Note: p-values and any subsequent tests do not account for model selection. [xxvii] Phụ lục 4.3. Kết quả hồi quy mô hình hội tụ Dependent Variable: LNGDP14_00 Method: Least Squares Date: 07/04/16 Time: 15:01 Sample: 1 63 Included observations: 63 Variable Coefficient Std. Error t-Statistic Prob. LNGDP0 -0.186983 0.066080 -2.829667 0.0063 C 2.502412 0.093230 26.84118 0.0000 R-squared 0.116032 Mean dependent var 2.256663 Adjusted R-squared 0.101541 S.D. dependent var 0.283899 S.E. of regression 0.269100 Akaike info criterion 0.243763 Sum squared resid 4.417299 Schwarz criterion 0.311799 Log likelihood -5.678528 Hannan-Quinn criter. 0.270522 F-statistic 8.007014 Durbin-Watson stat 1.322742 Prob(F-statistic) 0.006299 Heteroskedasticity Test: Breusch-Pagan-Godfrey F-statistic 0.208987 Prob. F(1,61) 0.6492 Obs*R-squared 0.215102 Prob. Chi-Square(1) 0.6428 Scaled explained SS 0.404298 Prob. Chi-Square(1) 0.5249 Test Equation: Dependent Variable: RESID^2 Method: Least Squares Date: 07/04/16 Time: 15:09 Sample: 1 63 Included observations: 63 Variable Coefficient Std. Error t-Statistic Prob. C 0.049101 0.049349 0.994970 0.3237 LNGDP0 0.015990 0.034977 0.457151 0.6492 R-squared 0.003414 Mean dependent var 0.070116 Adjusted R-squared -0.012923 S.D. dependent var 0.141529 S.E. of regression 0.142440 Akaike info criterion -1.028557 Sum squared resid 1.237642 Schwarz criterion -0.960521 Log likelihood 34.39956 Hannan-Quinn criter. -1.001799 F-statistic 0.208987 Durbin-Watson stat 1.675967 Prob(F-statistic) 0.649186 [xxviii] Variance Inflation Factors Date: 07/04/16 Time: 15:11 Sample: 1 63 Included observations: 63 Coefficient Uncentered Centered Variable Variance VIF VIF LNGDP0 0.004367 7.561854 1.000000 C 0.008692 7.561854 NA Dependent Variable: LNGDP14_00 Method: Least Squares Date: 07/04/16 Time: 15:12 Sample: 1 63 Included observations: 63 Variable Coefficient Std. Error t-Statistic Prob. LNGDP0 -0.224480 0.077052 -2.913344 0.0050 LNSI -0.064081 0.067571 -0.948348 0.3468 C 2.733520 0.260947 10.47538 0.0000 R-squared 0.129086 Mean dependent var 2.256663 Adjusted R-squared 0.100056 S.D. dependent var 0.283899 S.E. of regression 0.269322 Akaike info criterion 0.260631 Sum squared resid 4.352064 Schwarz criterion 0.362685 Log likelihood -5.209866 Hannan-Quinn criter. 0.300769 F-statistic 4.446584 Durbin-Watson stat 1.336836 Prob(F-statistic) 0.015822 [xxix] Heteroskedasticity Test: Breusch-Pagan-Godfrey F-statistic 0.730922 Prob. F(2,60) 0.4857 Obs*R-squared 1.498428 Prob. Chi-Square(2) 0.4727 Scaled explained SS 2.451231 Prob. Chi-Square(2) 0.2936 Test Equation: Dependent Variable: RESID^2 Method: Least Squares Date: 07/04/16 Time: 15:16 Sample: 1 63 Included observations: 63 Variable Coefficient Std. Error t-Statistic Prob. C 0.168270 0.128701 1.307450 0.1960 LNGDP0 -0.000410 0.038003 -0.010785 0.9914 LNSI -0.034768 0.033327 -1.043238 0.3010 R-squared 0.023785 Mean dependent var 0.069080 Adjusted R-squared -0.008756 S.D. dependent var 0.132254 S.E. of regression 0.132831 Akaike info criterion -1.153024 Sum squared resid 1.058651 Schwarz criterion -1.050970 Log likelihood 39.32026 Hannan-Quinn criter. -1.112886 F-statistic 0.730922 Durbin-Watson stat 1.762600 Prob(F-statistic) 0.485702 Variance Inflation Factors Date: 07/04/16 Time: 15:17 Sample: 1 63 Included observations: 63 Coefficient Uncentered Centered Variable Variance VIF VIF LNGDP0 0.005937 10.26474 1.357437 LNSI 0.004566 33.28555 1.357437 C 0.068093 59.14272 NA [xxx] Dependent Variable: LNGDP14_00 Method: Least Squares Date: 07/04/16 Time: 15:20 Sample: 1 63 Included observations: 63 Variable Coefficient Std. Error t-Statistic Prob. LNGDP0 -0.166204 0.070254 -2.365758 0.0212 DI 0.003826 0.004331 0.883392 0.3806 C 2.391224 0.156733 15.25663 0.0000 R-squared 0.127381 Mean dependent var 2.256663 Adjusted R-squared 0.098294 S.D. dependent var 0.283899 S.E. of regression 0.269586 Akaike info criterion 0.262586 Sum squared resid 4.360584 Schwarz criterion 0.364640 Log likelihood -5.271470 Hannan-Quinn criter. 0.302725 F-statistic 4.379284 Durbin-Watson stat 1.327717 Prob(F-statistic) 0.016778 Heteroskedasticity Test: Breusch-Pagan-Godfrey F-statistic 0.374375 Prob. F(2,60) 0.6893 Obs*R-squared 0.776497 Prob. Chi-Square(2) 0.6782 Scaled explained SS 1.336068 Prob. Chi-Square(2) 0.5127 Test Equation: Dependent Variable: RESID^2 Method: Least Squares Date: 07/04/16 Time: 15:22 Sample: 1 63 Included observations: 63 Variable Coefficient Std. Error t-Statistic Prob. C 0.002191 0.079821 0.027446 0.9782 LNGDP0 0.022987 0.035779 0.642475 0.5230 DI 0.001679 0.002206 0.761293 0.4495 R-squared 0.012325 Mean dependent var 0.069216 Adjusted R-squared -0.020597 S.D. dependent var 0.135902 S.E. of regression 0.137295 Akaike info criterion -1.086923 Sum squared resid 1.130994 Schwarz criterion -0.984869 Log likelihood 37.23808 Hannan-Quinn criter. -1.046785 F-statistic 0.374375 Durbin-Watson stat 1.676512 Prob(F-statistic) 0.689314 [xxxi] Variance Inflation Factors Date: 07/04/16 Time: 15:23 Sample: 1 63 Included observations: 63 Coefficient Uncentered Centered Variable Variance VIF VIF LNGDP0 0.004936 8.516618 1.126261 DI 1.88E-05 8.941407 1.126261 C 0.024565 21.29466 NA Dependent Variable: LNGDP14_00 Method: Least Squares Date: 07/04/16 Time: 15:24 Sample: 1 63 Included observations: 63 Variable Coefficient Std. Error t-Statistic Prob. LNGDP0 -0.275469 0.067059 -4.107842 0.0001 LNFDI 0.038402 0.011730 3.273897 0.0018 C 2.655979 0.098477 26.97068 0.0000 R-squared 0.250010 Mean dependent var 2.256663 Adjusted R-squared 0.225010 S.D. dependent var 0.283899 S.E. of regression 0.249926 Akaike info criterion 0.111148 Sum squared resid 3.747793 Schwarz criterion 0.213202 Log likelihood -0.501149 Hannan-Quinn criter. 0.151286 F-statistic 10.00054 Durbin-Watson stat 1.465155 Prob(F-statistic) 0.000179 [xxxii] Heteroskedasticity Test: Breusch-Pagan-Godfrey F-statistic 0.794944 Prob. F(2,60) 0.4563 Obs*R-squared 1.626288 Prob. Chi-Square(2) 0.4435 Scaled explained SS 2.556490 Prob. Chi-Square(2) 0.2785 Test Equation: Dependent Variable: RESID^2 Method: Least Squares Date: 07/04/16 Time: 15:25 Sample: 1 63 Included observations: 63 Variable Coefficient Std. Error t-Statistic Prob. C 0.051342 0.044137 1.163256 0.2493 LNGDP0 0.009999 0.030056 0.332692 0.7405 LNFDI 0.005147 0.005257 0.978980 0.3315 R-squared 0.025814 Mean dependent var 0.059489 Adjusted R-squared -0.006659 S.D. dependent var 0.111644 S.E. of regression 0.112016 Akaike info criterion -1.493911 Sum squared resid 0.752849 Schwarz criterion -1.391856 Log likelihood 50.05818 Hannan-Quinn criter. -1.453772 F-statistic 0.794944 Durbin-Watson stat 1.828492 Prob(F-statistic) 0.456305 Variance Inflation Factors Date: 07/04/16 Time: 15:26 Sample: 1 63 Included observations: 63 Coefficient Uncentered Centered Variable Variance VIF VIF LNGDP0 0.004497 9.028446 1.193946 LNFDI 0.000138 1.324666 1.193946 C 0.009698 9.780964 NA [xxxiii] Dependent Variable: LNGDP14_00 Method: Least Squares Date: 07/04/16 Time: 15:27 Sample: 1 63 Included observations: 63 Variable Coefficient Std. Error t-Statistic Prob. LNGDP0 -0.205050 0.079604 -2.575858 0.0125 LNSI -0.070310 0.067896 -1.035544 0.3046 DI 0.004249 0.004348 0.977233 0.3324 C 2.632513 0.280763 9.376280 0.0000 R-squared 0.142959 Mean dependent var 2.256663 Adjusted R-squared 0.099380 S.D. dependent var 0.283899 S.E. of regression 0.269423 Akaike info criterion 0.276320 Sum squared resid 4.282743 Schwarz criterion 0.412392 Log likelihood -4.704084 Hannan-Quinn criter. 0.329838 F-statistic 3.280493 Durbin-Watson stat 1.339025 Prob(F-statistic) 0.027022 Heteroskedasticity Test: Breusch-Pagan-Godfrey F-statistic 0.470525 Prob. F(3,59) 0.7040 Obs*R-squared 1.472057 Prob. Chi-Square(3) 0.6887 Scaled explained SS 2.150158 Prob. Chi-Square(3) 0.5418 Test Equation: Dependent Variable: RESID^2 Method: Least Squares Date: 07/04/16 Time: 15:31 Sample: 1 63 Included observations: 63 Variable Coefficient Std. Error t-Statistic Prob. C 0.114066 0.132030 0.863942 0.3911 LNGDP0 0.007516 0.037434 0.200765 0.8416 LNSI -0.028991 0.031929 -0.907995 0.3676 DI 0.001200 0.002045 0.586691 0.5596 R-squared 0.023366 Mean dependent var 0.067980 Adjusted R-squared -0.026293 S.D. dependent var 0.125064 S.E. of regression 0.126698 Akaike info criterion -1.232642 Sum squared resid 0.947083 Schwarz criterion -1.096570 Log likelihood 42.82822 Hannan-Quinn criter. -1.179124 F-statistic 0.470525 Durbin-Watson stat 1.765794 Prob(F-statistic) 0.703972 [xxxiv] Variance Inflation Factors Date: 07/04/16 Time: 15:32 Sample: 1 63 Included observations: 63 Coefficient Uncentered Centered Variable Variance VIF VIF LNGDP0 0.006337 10.94773 1.447758 LNSI 0.004610 33.58149 1.369506 DI 1.89E-05 9.020905 1.136274 C 0.078828 68.41484 NA Dependent Variable: LNGDP14_00 Method: Least Squares Date: 07/04/16 Time: 15:32 Sample: 1 63 Included observations: 63 Variable Coefficient Std. Error t-Statistic Prob. LNGDP0 -0.304253 0.075891 -4.009071 0.0002 LNSI -0.051547 0.063000 -0.818208 0.4165 LNFDI 0.037804 0.011785 3.207834 0.0022 C 2.839490 0.245061 11.58687 0.0000 R-squared 0.258425 Mean dependent var 2.256663 Adjusted R-squared 0.220717 S.D. dependent var 0.283899 S.E. of regression 0.250618 Akaike info criterion 0.131611 Sum squared resid 3.705744 Schwarz criterion 0.267683 Log likelihood -0.145735 Hannan-Quinn criter. 0.185128 F-statistic 6.853452 Durbin-Watson stat 1.482750 Prob(F-statistic) 0.000487 [xxxv] Heteroskedasticity Test: Breusch-Pagan-Godfrey F-statistic 0.613272 Prob. F(3,59) 0.6091 Obs*R-squared 1.905142 Prob. Chi-Square(3) 0.5923 Scaled explained SS 2.610717 Prob. Chi-Square(3) 0.4556 Test Equation: Dependent Variable: RESID^2 Method: Least Squares Date: 07/04/16 Time: 15:34 Sample: 1 63 Included observations: 63 Variable Coefficient Std. Error t-Statistic Prob. C 0.088565 0.103465 0.855986 0.3955 LNGDP0 0.006854 0.032041 0.213908 0.8314 LNSI -0.012197 0.026599 -0.458561 0.6482 LNFDI 0.004269 0.004976 0.857897 0.3944 R-squared 0.030240 Mean dependent var 0.058821 Adjusted R-squared -0.019069 S.D. dependent var 0.104816 S.E. of regression 0.105811 Akaike info criterion -1.592937 Sum squared resid 0.660563 Schwarz criterion -1.456865 Log likelihood 54.17750 Hannan-Quinn criter. -1.539419 F-statistic 0.613272 Durbin-Watson stat 1.867524 Prob(F-statistic) 0.609094 Variance Inflation Factors Date: 07/04/16 Time: 15:35 Sample: 1 63 Included observations: 63 Coefficient Uncentered Centered Variable Variance VIF VIF LNGDP0 0.005759 11.49951 1.520726 LNSI 0.003969 33.41408 1.362679 LNFDI 0.000139 1.329781 1.198557 C 0.060055 60.23735 NA [xxxvi] Dependent Variable: LNGDP14_00 Method: Least Squares Date: 07/04/16 Time: 15:36 Sample: 1 63 Included observations: 63 Variable Coefficient Std. Error t-Statistic Prob. LNGDP0 -0.267241 0.073178 -3.651936 0.0006 LNFDI 0.037685 0.012071 3.121986 0.0028 DI 0.001211 0.004132 0.292991 0.7706 C 2.617929 0.163441 16.01759 0.0000 R-squared 0.251100 Mean dependent var 2.256663 Adjusted R-squared 0.213020 S.D. dependent var 0.283899 S.E. of regression 0.251852 Akaike info criterion 0.141440 Sum squared resid 3.742348 Schwarz criterion 0.277512 Log likelihood -0.455350 Hannan-Quinn criter. 0.194957 F-statistic 6.594062 Durbin-Watson stat 1.468495 Prob(F-statistic) 0.000643 Heteroskedasticity Test: Breusch-Pagan-Godfrey F-statistic 0.612639 Prob. F(3,59) 0.6095 Obs*R-squared 1.903234 Prob. Chi-Square(3) 0.5927 Scaled explained SS 2.849658 Prob. Chi-Square(3) 0.4154 Test Equation: Dependent Variable: RESID^2 Method: Least Squares Date: 07/04/16 Time: 15:38 Sample: 1 63 Included observations: 63 Variable Coefficient Std. Error t-Statistic Prob. C 0.019330 0.072486 0.266678 0.7906 LNGDP0 0.016756 0.032455 0.516303 0.6076 LNFDI 0.004422 0.005353 0.826108 0.4121 DI 0.001019 0.001833 0.556111 0.5802 R-squared 0.030210 Mean dependent var 0.059402 Adjusted R-squared -0.019101 S.D. dependent var 0.110645 S.E. of regression 0.111697 Akaike info criterion -1.484671 Sum squared resid 0.736094 Schwarz criterion -1.348599 Log likelihood 50.76715 Hannan-Quinn criter. -1.431154 F-statistic 0.612639 Durbin-Watson stat 1.817341 Prob(F-statistic) 0.609496 [xxxvii] Variance Inflation Factors Date: 07/04/16 Time: 15:38 Sample: 1 63 Included observations: 63 Coefficient Uncentered Centered Variable Variance VIF VIF LNGDP0 0.005355 10.58740 1.400106 LNFDI 0.000146 1.381450 1.245127 DI 1.71E-05 9.324699 1.174540 C 0.026713 26.53198 NA Dependent Variable: LNGDP14_00 Method: Least Squares Date: 07/04/16 Time: 15:49 Sample: 1 63 Included observations: 63 Variable Coefficient Std. Error t-Statistic Prob. LNGDP0 -0.570942 0.120376 -4.742980 0.0000 LNSI 0.104453 0.089122 1.172024 0.2462 DI 0.000308 0.003943 0.078151 0.9380 LNFDI 0.019795 0.013840 1.430203 0.1583 LNSE -0.329293 0.140650 -2.341221 0.0229 LNOPEN 0.052310 0.044370 1.178952 0.2435 LB -0.000653 0.010527 -0.062049 0.9507 C 3.397790 0.816331 4.162272 0.0001 R-squared 0.385137 Mean dependent var 2.256663 Adjusted R-squared 0.306882 S.D. dependent var 0.283899 S.E. of regression 0.236357 Akaike info criterion 0.071218 Sum squared resid 3.072548 Schwarz criterion 0.343362 Log likelihood 5.756643 Hannan-Quinn criter. 0.178253 F-statistic 4.921543 Durbin-Watson stat 1.426372 Prob(F-statistic) 0.000229 [xxxviii] Heteroskedasticity Test: Breusch-Pagan-Godfrey F-statistic 0.810106 Prob. F(7,55) 0.5827 Obs*R-squared 5.888452 Prob. Chi-Square(7) 0.5528 Scaled explained SS 6.974285 Prob. Chi-Square(7) 0.4316 Test Equation: Dependent Variable: RESID^2 Method: Least Squares Date: 07/04/16 Time: 16:04 Sample: 1 63 Included observations: 63 Variable Coefficient Std. Error t-Statistic Prob. C -0.094327 0.302607 -0.311713 0.7564 LNGDP0 0.058477 0.044623 1.310472 0.1955 LNSI -0.025294 0.033037 -0.765644 0.4472 DI 0.000158 0.001462 0.107863 0.9145 LNFDI 0.001316 0.005131 0.256518 0.7985 LNSE 0.024405 0.052138 0.468079 0.6416 LNOPEN -0.002154 0.016448 -0.130942 0.8963 LB 0.001537 0.003902 0.393862 0.6952 R-squared 0.093467 Mean dependent var 0.048771 Adjusted R-squared -0.021909 S.D. dependent var 0.086671 S.E. of regression 0.087615 Akaike info criterion -1.913551 Sum squared resid 0.422206 Schwarz criterion -1.641407 Log likelihood 68.27687 Hannan-Quinn criter. -1.806516 F-statistic 0.810106 Durbin-Watson stat 1.734232 Prob(F-statistic) 0.582694 Variance Inflation Factors Date: 07/04/16 Time: 16:06 Sample: 1 63 Included observations: 63 Coefficient Uncentered Centered Variable Variance VIF VIF LNGDP0 0.014490 32.52868 4.301680 LNSI 0.007943 75.18147 3.066019 DI 1.55E-05 9.640699 1.214343 LNFDI 0.000192 2.062133 1.858639 LNSE 0.019783 148.1582 8.280870 LNOPEN 0.001969 30.52635 2.797647 LB 0.000111 360.2235 1.561711 C 0.666396 751.5137 NA