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Correlated Random Effects - Hausman TestPool: UntitledTest cross-section random effectsTest SummaryChi-Sq. StatisticChi-Sq. d.f.Prob.Cross-section random0.10.7419* Warning: estimated cross-section random effects variance is zero.Cross-section random effects test comparisons:VariableFixedRandomVar(Diff.)Prob.RSCH?.7419Cross-section random effects test equation:Dependent Variable: RSYH?Method: Panel Least SquaresDate: 07/04/10 Time: 12:17Sample: 11/02/2009 6/08/2010Included observations: 157Cross-sections included: 4Total pool (balanced) observations: 628VariableCoefficientStd. Errort-StatisticProb.C.0446RSCH?42450.0000BZ?NANANANAEffects SpecificationCross-section fixed (dummy variables)R-squared0.Mean dependent var-0.Adjusted R-squared0.S.D. dependent var0.S.E. of regression0.Akaike info criterion-6.Sum squared resid0.Schwarz criterion-6.Log likelihood2109.128F-statistic431.0387Durbin-Watson stat1.Prob(F-statistic)0.Dependent Variable: RSYH_SHXPMethod: Least SquaresDate: 07/01/10 Time: 14:39Sample: 11/02/2009 6/08/2010Included observations: 157VariableCoefficientStd. Errort-StatisticProb.C.2659RSCH_SHXP51800.0000R-squared0.Mean dependent var-3.57E-05Adjusted R-squared0.S.D. dependent var0.S.E. of regression0.Akaike info criterion-6.Sum squared resid0.Schwarz criterion-6.Log likelihood491.5134F-statistic333.1283Durbin-Watson stat1.Prob(F-statistic)0.Dependent Variable: RSYH_SHDPMethod: Least SquaresDate: 07/01/10 Time: 14:40Sample: 11/02/2009 6/08/2010Included observations: 157VariableCoefficientStd. Errort-StatisticProb.C-0.0.-1.0.2570RSCH_SHDP41810.0000R-squared0.Mean dependent var-0.Adjusted R-squared0.S.D. dependent var0.S.E. of regression0.Akaike info criterion-7.Sum squared resid0.Schwarz criterion-7.Log likelihood612.4990F-statistic1579.412Durbin-Watson stat1.Prob(F-statistic)0.Dependent Variable: RSYH_SZXPMethod: Least SquaresDate: 07/01/10 Time: 14:41Sample: 11/02/2009 6/08/2010Included observations: 157VariableCoefficientStd. Errort-StatisticProb.C.0298RSCH_SZXP11980.0000R-squared0.Mean dependent var0.Adjusted R-squared0.S.D. dependent var0.S.E. of regression0.Akaike info criterion-6.Sum squared resid0.Schwarz criterion-6.Log likelihood480.2045F-statistic256.3835Durbin-Watson stat1.Prob(F-statistic)0.Dependent Variable: RSYH_SZDPMethod: Least SquaresDate: 07/01/10 Time: 14:42Sample: 11/02/2009 6/08/2010Included observations: 157VariableCoefficientStd. Errort-StatisticProb.C.3536RSCH_SZDP63770.0000R-squared0.Mean dependent var-0.Adjusted R-squared0.S.D. dependent var0.S.E. of regression0.Akaike info criterion-8.Sum squared resid0.Schwarz criterion-8.Log likelihood685.5594F-statistic4769.805Durbin-Watson stat1.Prob(F-statistic)0.Null Hypothesis: Unit root (individual unit root process)Date: 07/01/10 Time: 12:41Sample: 11/02/2009 6/08/2010Series: RSCH_SHDP, RSCH_SHXP, RSCH_SZDP, RSCH_SZXP,RSYH_SHDP, RSYH_SHXP, RSYH_SZDP, RSYH_SZXPExogenous variables: Individual effectsAutomatic selection of maximum lagsAutomatic selection of lags based on SIC: 0Total (balanced) observations: 1248Cross-sections included: 8MethodStatisticProb.*ADF - Fisher Chi-square709.0400.0000ADF - Choi Z-stat-25.66430.0000* Probabilities for Fisher tests are computed using an asympotic Chi-square distribution. All other tests assume asymptoticnormality.Intermediate ADF test results RSCH? RSYH?SeriesProb.LagMax LagObsRSCH_SHDP0.0000013156RSCH_SHXP0.0000013156RSCH_SZDP0.0000013156RSCH_SZXP0.0000013156RSYH_SHDP0.0000013156RSYH_SHXP0.0000013156RSYH_SZDP0.0000013156RSYH_SZXP0.0000013156Dependent Variable: RSYH?Method: Pooled Least SquaresDate: 07/01/10 Time: 12:48Sample: 11/02/2009 6/08/2010Included observations: 157Cross-sections included: 4Total pool (balanced) observations: 628VariableCoefficientStd. Errort-StatisticProb.C-0.0.-0.0.7426RSCH?49340.0000BZ?.0133R-squared0.Mean dependent var

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