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    Ofi GDPG Money Bankgdp Penetra Penzija Short Stock Spread Fdi Dum Dum1

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    JORKOS1
    The document appears to contain statistical output from time series analyses of macroeconomic variables in multiple countries using panel data techniques. It reports results from dynamic panel data models examining the relationship between financial development (OFI) and variables like GDP growth (GDPG), money supply, inflation, banking sector development, and others. It tests for autocorrelation and validity of instruments. Overall it analyzes how financial development relates to macroeconomic performance using panel time series methods.

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    Ofi GDPG Money Bankgdp Penetra Penzija Short Stock Spread Fdi Dum Dum1

    Uploaded by

    JORKOS1
    28 views2 pages
    The document appears to contain statistical output from time series analyses of macroeconomic variables in multiple countries using panel data techniques. It reports results from dynamic panel data models examining the relationship between financial development (OFI) and variables like GDP growth (GDPG), money supply, inflation, banking sector development, and others. It tests for autocorrelation and validity of instruments. Overall it analyzes how financial development relates to macroeconomic performance using panel time series methods.

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    PRESMETKI

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    The document appears to contain statistical output from time series analyses of macroeconomic variables in multiple countries using panel data techniques. It reports results from dynamic panel data models examining the relationship between financial development (OFI) and variables like GDP growth (GDPG), money supply, inflation, banking sector development, and others. It tests for autocorrelation and validity of instruments. Overall it analyzes how financial development relates to macroeconomic performance using panel time series methods.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    28 views2 pages

    Ofi GDPG Money Bankgdp Penetra Penzija Short Stock Spread Fdi Dum Dum1

    Uploaded by

    JORKOS1
    The document appears to contain statistical output from time series analyses of macroeconomic variables in multiple countries using panel data techniques. It reports results from dynamic panel data models examining the relationship between financial development (OFI) and variables like GDP growth (GDPG), money supply, inflation, banking sector development, and others. It tests for autocorrelation and validity of instruments. Overall it analyzes how financial development relates to macroeconomic performance using panel time series methods.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 2

    ofi gdpg money short LONG spread bagdp bcgdp penetra penzija stocks frin dum

    ofi gdpg money bankgdp penetra penzija short stock spread fdi dum dum1
    ofi gdpg money bcar bankgdp penetra penzija short stock spread fdi dum2

    xtabond2 OFI1 L.OFI1 GDPG MONEY SHORT BANKGDP PENETRA PENZIJA dummy1, gmm(GDPG MONEY
    SHORT BANKGDP PENETRA PENZIJA , eq(diff) lag(2 2)) iv(dummy1)orthogonal

    xtabond2 OFI1 L.OFI1 GDPG MONEY SHORT INF DCPS PENETRA PENZIJA dummy1, gmm(GDPG MONEY
    SPREAD SHORT INF DCPS PENETRA PENZIJA dummy1, eq(lev) lag(0 2)) iv(dummy1)

    xtabond2 OFI1 L.OFI1 GDPG MONEY SHORT BANKGDP PENETRA PENZIJA STOC SPREAD FI dummy2
    dummy3, gmm(GDPG MONEY SHORT BANKGDP PENETRA PENZIJA STOC SPREAD FI, lag(1 1) collapse)
    iv(dummy2 dummy3)robust small
    generate dummy1 = (year>=2006 & year<=2009)

    xtabond2 OFI1 L.OFI1 GDPG MONEY SPREAD SHORT BANKGDP PENETRA PENZIJA STOC INF FI dummy1,
    gmm(GDPG MONEY SPREAD SHORT BANKGDP PENETRA PENZIJA STOC INF FI, eq(lev) lag(0 2)) iv(FI
    dummy1)

    . xtabond2 OFI1 L.OFI1 GDPG MONEY SPREAD SHORT BANKGDP PENETRA PENZIJA STOC INF FI dummy1, gmm(GDPG MONEY SPREAD SHORT BANKGDP PENETRA PENZIJA STOC INF FI, eq(lev) lag(0 2)) iv(FI dummy1)
    Favoring speed over space. To switch, type or click on mata: mata set matafavor space, perm.
    Warning: Number of instruments may be large relative to number of observations.

    Dynamic panel-data estimation, one-step system GMM

    Group variable: countrynum Number of obs = 85


    Time variable : GODINA Number of groups = 11
    Number of instruments = 85 Obs per group: min = 4
    Wald chi2(12) = 32.82 avg = 7.73
    Prob > chi2 = 0.001 max = 18

    OFI1 Coef. Std. Err. z P>|z| [95% Conf. Interval]

    OFI1
    L1. .2012318 .0999083 2.01 0.044 .0054151 .3970486

    GDPG 5.37594 1.942798 2.77 0.006 1.568125 9.183754


    MONEY .4462539 .7870631 0.57 0.571 -1.096361 1.988869
    SPREAD 4.621366 4.097631 1.13 0.259 -3.409844 12.65258
    SHORT 4.43036 2.810788 1.58 0.115 -1.078682 9.939403
    BANKGDP -.4169071 .8380636 -0.50 0.619 -2.059482 1.225667
    PENETRA 1.05969 8.067224 0.13 0.895 -14.75178 16.87116
    PENZIJA .7281351 2.745055 0.27 0.791 -4.652073 6.108343
    STOC -.0575053 1.335537 -0.04 0.966 -2.675111 2.5601
    INF -3.632356 3.437086 -1.06 0.291 -10.36892 3.104208
    FI -28.45002 131.4218 -0.22 0.829 -286.032 229.1319
    dummy1 33.36187 19.46461 1.71 0.087 -4.788059 71.51181
    _cons -26.0257 56.97122 -0.46 0.648 -137.6872 85.63583

    Instruments for first differences equation


    Standard
    D.(FI dummy1)
    Instruments for levels equation
    Standard
    FI dummy1
    _cons
    GMM-type (missing=0, separate instruments for each period unless collapsed)
    DL(0/2).(GDPG MONEY SPREAD SHORT BANKGDP PENETRA PENZIJA STOC INF FI)

    Arellano-Bond test for AR(1) in first differences: z = -3.53 Pr > z = 0.000


    Arellano-Bond test for AR(2) in first differences: z = -1.87 Pr > z = 0.061

    Sargan test of overid. restrictions: chi2(72) = 72.69 Prob > chi2 = 0.455
    (Not robust, but not weakened by many instruments.)
    Dependent Variable: OFI
    Method: Panel EGLS (Cross-section weights)
    Date: 06/09/20 Time: 21:22
    Sample (adjusted): 2000 2017
    Periods included: 18
    Cross-sections included: 11
    Total panel (unbalanced) observations: 101
    Linear estimation after one-step weighting matrix
    White cross-section standard errors & covariance (no d.f. correction)

    Variable Coefficient Std. Error t-Statistic Prob.  

    C 45.21174 24.86458 1.818319 0.0726


    GDPG 1.761450 0.568438 3.098756 0.0027
    MONEY 0.201535 0.278026 0.724878 0.4706
    SHORT 2.909434 1.121291 2.594718 0.0112
    BANKGDP -0.798301 0.347662 -2.296199 0.0242
    PENETRA -4.119711 6.557623 -0.628232 0.5316
    PENZIJA 0.996635 0.610636 1.632125 0.1064
    DUM2 6.364214 6.194269 1.027436 0.3072

    Effects Specification

    Cross-section fixed (dummy variables)

    Weighted Statistics

    R-squared 0.537914    Mean dependent var 33.37297


    Adjusted R-squared 0.443270    S.D. dependent var 51.18621
    S.E. of regression 39.65960    Sum squared resid 130549.3
    F-statistic 5.683538    Durbin-Watson stat 1.829543
    Prob(F-statistic) 0.000000

    Unweighted Statistics

    R-squared 0.336281    Mean dependent var 23.05941


    Sum squared resid 189957.9    Durbin-Watson stat 2.230736

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