Questa è una vecchia versione del documento!
gretl version 1.9.12 Current session: 2013-07-07 23:18 ? open “/home/pietro/Università/Ricerca/Scontrini/Seconda tranche/Dati \
esterni/Riassunto_panel.csv"
parsing /home/pietro/Università/Ricerca/Scontrini/Seconda tranche/Dati esterni/Riassunto_panel.csv… using delimiter ','
longest line: 63 characters first field: 'Year' seems to be observation label number of columns = 10 number of variables: 9 number of non-blank lines: 213
scanning for variable names…
line: Year,Month,V_pic_sup_gr,Prezzi,Deb,Cred,Cit,Blitz,Time,V_dest
scanning for row labels and data…
the cell for variable 2, obs 1 is empty: treating as missing value the cell for variable 9, obs 1 is empty: treating as missing value the cell for variable 2, obs 2 is empty: treating as missing value the cell for variable 9, obs 2 is empty: treating as missing value the cell for variable 2, obs 3 is empty: treating as missing value the cell for variable 9, obs 3 is empty: treating as missing value the cell for variable 2, obs 4 is empty: treating as missing value the cell for variable 9, obs 4 is empty: treating as missing value the cell for variable 2, obs 5 is empty: treating as missing value the cell for variable 9, obs 5 is empty: treating as missing value the cell for variable 2, obs 6 is empty: treating as missing value the cell for variable 9, obs 6 is empty: treating as missing value the cell for variable 2, obs 7 is empty: treating as missing value the cell for variable 9, obs 7 is empty: treating as missing value the cell for variable 2, obs 8 is empty: treating as missing value the cell for variable 9, obs 8 is empty: treating as missing value the cell for variable 2, obs 9 is empty: treating as missing value the cell for variable 9, obs 9 is empty: treating as missing value the cell for variable 2, obs 10 is empty: treating as missing value the cell for variable 9, obs 10 is empty: treating as missing value the cell for variable 2, obs 11 is empty: treating as missing value the cell for variable 9, obs 11 is empty: treating as missing value the cell for variable 2, obs 12 is empty: treating as missing value the cell for variable 9, obs 12 is empty: treating as missing value the cell for variable 2, obs 45 is empty: treating as missing value the cell for variable 5, obs 45 is empty: treating as missing value the cell for variable 9, obs 45 is empty: treating as missing value the cell for variable 2, obs 46 is empty: treating as missing value the cell for variable 5, obs 46 is empty: treating as missing value the cell for variable 9, obs 46 is empty: treating as missing value the cell for variable 2, obs 47 is empty: treating as missing value the cell for variable 5, obs 47 is empty: treating as missing value the cell for variable 9, obs 47 is empty: treating as missing value the cell for variable 2, obs 48 is empty: treating as missing value the cell for variable 5, obs 48 is empty: treating as missing value the cell for variable 9, obs 48 is empty: treating as missing value the cell for variable 2, obs 49 is empty: treating as missing value the cell for variable 5, obs 49 is empty: treating as missing value the cell for variable 9, obs 49 is empty: treating as missing value the cell for variable 2, obs 50 is empty: treating as missing value the cell for variable 5, obs 50 is empty: treating as missing value the cell for variable 9, obs 50 is empty: treating as missing value the cell for variable 2, obs 51 is empty: treating as missing value the cell for variable 5, obs 51 is empty: treating as missing value the cell for variable 9, obs 51 is empty: treating as missing value the cell for variable 2, obs 52 is empty: treating as missing value the cell for variable 5, obs 52 is empty: treating as missing value the cell for variable 9, obs 52 is empty: treating as missing value the cell for variable 2, obs 53 is empty: treating as missing value the cell for variable 5, obs 53 is empty: treating as missing value the cell for variable 9, obs 53 is empty: treating as missing value the cell for variable 2, obs 54 is empty: treating as missing value the cell for variable 5, obs 54 is empty: treating as missing value the cell for variable 9, obs 54 is empty: treating as missing value the cell for variable 2, obs 55 is empty: treating as missing value the cell for variable 5, obs 55 is empty: treating as missing value the cell for variable 9, obs 55 is empty: treating as missing value the cell for variable 2, obs 56 is empty: treating as missing value the cell for variable 5, obs 56 is empty: treating as missing value the cell for variable 9, obs 56 is empty: treating as missing value the cell for variable 2, obs 57 is empty: treating as missing value the cell for variable 5, obs 57 is empty: treating as missing value the cell for variable 9, obs 57 is empty: treating as missing value the cell for variable 2, obs 58 is empty: treating as missing value the cell for variable 5, obs 58 is empty: treating as missing value the cell for variable 9, obs 58 is empty: treating as missing value the cell for variable 2, obs 59 is empty: treating as missing value the cell for variable 5, obs 59 is empty: treating as missing value the cell for variable 9, obs 59 is empty: treating as missing value the cell for variable 2, obs 60 is empty: treating as missing value the cell for variable 5, obs 60 is empty: treating as missing value the cell for variable 9, obs 60 is empty: treating as missing value the cell for variable 2, obs 61 is empty: treating as missing value the cell for variable 5, obs 61 is empty: treating as missing value the cell for variable 9, obs 61 is empty: treating as missing value the cell for variable 2, obs 62 is empty: treating as missing value the cell for variable 5, obs 62 is empty: treating as missing value the cell for variable 9, obs 62 is empty: treating as missing value the cell for variable 2, obs 63 is empty: treating as missing value the cell for variable 5, obs 63 is empty: treating as missing value the cell for variable 9, obs 63 is empty: treating as missing value the cell for variable 2, obs 64 is empty: treating as missing value the cell for variable 5, obs 64 is empty: treating as missing value the cell for variable 9, obs 64 is empty: treating as missing value the cell for variable 2, obs 65 is empty: treating as missing value the cell for variable 5, obs 65 is empty: treating as missing value the cell for variable 9, obs 65 is empty: treating as missing value the cell for variable 5, obs 66 is empty: treating as missing value the cell for variable 5, obs 67 is empty: treating as missing value the cell for variable 5, obs 68 is empty: treating as missing value the cell for variable 5, obs 69 is empty: treating as missing value the cell for variable 5, obs 70 is empty: treating as missing value the cell for variable 5, obs 71 is empty: treating as missing value the cell for variable 5, obs 72 is empty: treating as missing value the cell for variable 5, obs 73 is empty: treating as missing value the cell for variable 5, obs 74 is empty: treating as missing value the cell for variable 5, obs 75 is empty: treating as missing value the cell for variable 5, obs 76 is empty: treating as missing value the cell for variable 5, obs 77 is empty: treating as missing value the cell for variable 5, obs 78 is empty: treating as missing value the cell for variable 5, obs 79 is empty: treating as missing value first row label "2009", last label "2013"
trying to parse row labels as dates…
2009: probably a year... and just a year but the dates are not complete and consistent
variable 6 (Cit): non-numeric values = 212 (100.00 percent) variable 9 (V_dest): non-numeric values = 87 (90.62 percent) allocating string table
first row label "2009", last label "2013"
trying to parse row labels as dates…
2009: probably a year... and just a year but the dates are not complete and consistent
treating these as undated data
String code table written to /home/pietro/Università/Ricerca/Scontrini/Seconda tranche/Report macro/string_table.txt Listing 10 variables:
0) const 1) Month 2) V_pic_sup_gr 3) Prezzi 4) Deb 5) Cred 6) Cit 7) Blitz 8) Time 9) V_dest
? setobs Cit Time –panel-vars Full data range: 1:01 - 4:53 (n = 212)
? vend_deinfl = V_pic_sup_gr / Prezzi * 105.7 Generated series vend_deinfl (ID 10) ? deb_deinfl = Deb / Prezzi * 105.7 Generated series deb_deinfl (ID 11) ? cred_deinfl = Cred / Prezzi * 105.7 Generated series cred_deinfl (ID 12) ? vend_dest = V_dest / Prezzi * 105.7 Generated series vend_dest (ID 13) ? vend_diff = vend_deinfl - vend_deinfl(-12) Generated series vend_diff (ID 14) ? deb_diff = deb_deinfl - deb_deinfl(-12) Generated series deb_diff (ID 15) ? cred_diff = cred_deinfl - cred_deinfl(-12) Generated series cred_diff (ID 16) ? MI = Cit == 1 Generated series MI (ID 17) ? GE = Cit == 2 Generated series GE (ID 18) ? TO = Cit == 3 Generated series TO (ID 19) ? IT = Cit == 4 Generated series IT (ID 20) ? discrete Time # Non funziona per niente # (“meno due milioni di formiche meno due milioni di cani”) ? ols deb_deinfl const dummify(Cit) Time Blitz
Model 1: Pooled OLS, using 204 observations Included 4 cross-sectional units Time-series length: minimum 45, maximum 53 Dependent variable: deb_deinfl
coefficient std. error t-ratio p-value -------------------------------------------------------- const 67266.2 59205.2 1.136 0.2573 DCit_2 −59230.2 61512.8 −0.9629 0.3368 DCit_3 −44613.3 61512.8 −0.7253 0.4691 DCit_4 856550 64410.9 13.30 2.97e-29 *** Time 231.827 1491.02 0.1555 0.8766 Blitz 59023.4 318596 0.1853 0.8532
Mean dependent var 235576.2 S.D. dependent var 483973.1 Sum squared resid 1.97e+13 S.E. of regression 315140.9 R-squared 0.586442 Adjusted R-squared 0.575999 F(5, 198) 56.15442 P-value(F) 3.73e-36 Log-likelihood −2869.217 Akaike criterion 5750.433 Schwarz criterion 5770.342 Hannan-Quinn 5758.487 rho −0.294479 Durbin-Watson 2.551251
Excluding the constant, p-value was highest for variable 8 (Time)
# In log: ? logdeb = log( deb_deinfl ) Generated series logdeb (ID 24) ? ols logdeb const dummify(Cit) Time Blitz
Model 2: Pooled OLS, using 204 observations Included 4 cross-sectional units Time-series length: minimum 45, maximum 53 Dependent variable: logdeb
coefficient std. error t-ratio p-value ----------------------------------------------------------- const 10.9888 0.148958 73.77 5.66e-146 *** DCit_2 −1.71082 0.154764 −11.05 1.96e-22 *** DCit_3 −1.17930 0.154764 −7.620 1.03e-12 *** DCit_4 2.50984 0.162055 15.49 5.74e-36 *** Time 0.000404788 0.00375134 0.1079 0.9142 Blitz 0.809581 0.801573 1.010 0.3137
Mean dependent var 10.80612 S.D. dependent var 1.760873 Sum squared resid 124.4747 S.E. of regression 0.792881 R-squared 0.802244 Adjusted R-squared 0.797250 F(5, 198) 160.6470 P-value(F) 1.13e-67 Log-likelihood −239.0737 Akaike criterion 490.1473 Schwarz criterion 510.0560 Hannan-Quinn 498.2008 rho −0.219596 Durbin-Watson 2.387912
Excluding the constant, p-value was highest for variable 8 (Time)
? smpl –restrict Cit != 2 Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
# In log: ? ols logdeb const dummify(Cit) Time Blitz
Model 3: Pooled OLS, using 151 observations Included 3 cross-sectional units Time-series length: minimum 45, maximum 53 Dependent variable: logdeb
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 10.9739 0.162016 67.73 3.41e-112 *** DCit_2 −1.17942 0.155297 −7.595 3.39e-12 *** DCit_3 2.51195 0.162853 15.42 1.86e-32 *** Time 0.000960575 0.00442891 0.2169 0.8286 Blitz 0.803350 0.804757 0.9983 0.3198
Mean dependent var 11.33865 S.D. dependent var 1.698191 Sum squared resid 92.41741 S.E. of regression 0.795610 R-squared 0.786357 Adjusted R-squared 0.780503 F(4, 146) 134.3455 P-value(F) 6.82e-48 Log-likelihood −177.1919 Akaike criterion 364.3838 Schwarz criterion 379.4702 Hannan-Quinn 370.5127 rho −0.227673 Durbin-Watson 2.401576
Excluding the constant, p-value was highest for variable 8 (Time)
#smpl –replace –restrict Cit == 1 ? summary logdeb
Summary statistics, using the observations 1:01 - 3:53 for the variable 'logdeb' (151 valid observations)
Mean 11.339 Median 11.085 Minimum 8.1027 Maximum 14.723 Standard deviation 1.6982 C.V. 0.14977 Skewness 0.22478 Ex. kurtosis -0.82733 5% percentile 8.6651 95% percentile 14.397 Interquartile range 2.6910 Missing obs. 8
Within s.d. 0.79312 Between s.d. 1.8862
#media = $average # Milano: ? risc_deb = 75105 Generated scalar risc_deb = 75105 # Torino: ? risc_deb_TO = 58515 Generated scalar risc_deb_TO = 58515 ? risc_deb_GE = 26918 Generated scalar risc_deb_GE = 26918 ? smpl –full Full data range: 1:01 - 4:53 (n = 212)
? deb_risc = deb_deinfl Generated series deb_risc (ID 25) ? smpl –replace –restrict Cit == 3 Full data set: 212 observations Current sample: 53 observations ? deb_risc = deb_risc / 58515 * 75105 Replaced series deb_risc (ID 25) ? smpl –replace –restrict Cit == 2 Full data set: 212 observations Current sample: 53 observations ? deb_risc = deb_risc / 26918 * 75105 Replaced series deb_risc (ID 25) ? smpl –replace –restrict Cit == 4 Full data set: 212 observations Current sample: 53 observations ? deb_risc = deb_risc / 929150 * 75105 Replaced series deb_risc (ID 25) #smpl –replace –restrict Cit != 2 # ATTENZIONE ATTENZIONE ATTENZIONE ATTENZIONE alla presenza dell'Italia ? smpl –replace –restrict Cit != 4 Full data range: 1:01 - 4:53 (n = 212) Current sample: 1:01 - 3:53 (n = 159)
? quelfeb = time == 38 Generated series quelfeb (ID 27) #ols deb_risc const dummify(Cit) dummify(Time) Blitz # Equazione buona: ? ols deb_risc const TO GE dummify(Month) quelfeb Blitz
Model 4: Pooled OLS, using 159 observations Included 3 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 46828.4 5120.97 9.144 5.47e-16 *** TO −35857.7 3553.78 −10.09 2.07e-18 *** GE −33081.2 3553.78 −9.309 2.09e-16 *** DMonth_2 −3058.75 7034.77 −0.4348 0.6644 DMonth_3 28152.3 6632.44 4.245 3.92e-05 *** DMonth_4 5151.07 6632.44 0.7766 0.4386 DMonth_5 75502.4 6632.44 11.38 8.90e-22 *** DMonth_6 4684.98 7034.77 0.6660 0.5065 DMonth_7 16453.3 7034.77 2.339 0.0207 ** DMonth_8 79414.9 7034.77 11.29 1.57e-21 *** DMonth_9 −8184.66 7034.77 −1.163 0.2466 DMonth_10 −1293.87 7034.77 −0.1839 0.8543 DMonth_11 31007.3 7034.77 4.408 2.04e-05 *** DMonth_12 91394.7 7034.77 12.99 5.62e-26 *** quelfeb 2709.95 13910.8 0.1948 0.8458 Blitz 88619.4 22458.8 3.946 0.0001 ***
Mean dependent var 50544.76 S.D. dependent var 41916.90 Sum squared resid 4.72e+10 S.E. of regression 18163.69 R-squared 0.830055 Adjusted R-squared 0.812228 F(15, 143) 46.56321 P-value(F) 2.36e-47 Log-likelihood −1776.521 Akaike criterion 3585.042 Schwarz criterion 3634.145 Hannan-Quinn 3604.982 rho −0.019542 Durbin-Watson 2.018141
Excluding the constant, p-value was highest for variable 36 (DMonth_10)
# senza dummy: ? ols deb_risc const TO GE quelfeb Blitz
Model 5: Pooled OLS, using 159 observations Included 3 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value -------------------------------------------------------- const 73476.4 5313.56 13.83 8.70e-29 *** TO −35857.7 7496.77 −4.783 4.01e-06 *** GE −33081.2 7496.77 −4.413 1.91e-05 *** quelfeb −26996.9 27353.2 −0.9870 0.3252 Blitz 88619.4 47377.2 1.871 0.0633 *
Mean dependent var 50544.76 S.D. dependent var 41916.90 Sum squared resid 2.26e+11 S.E. of regression 38316.63 R-squared 0.185559 Adjusted R-squared 0.164404 F(4, 154) 8.771662 P-value(F) 2.09e-06 Log-likelihood −1901.100 Akaike criterion 3812.199 Schwarz criterion 3827.544 Hannan-Quinn 3818.431 rho −0.250655 Durbin-Watson 2.462632
Excluding the constant, p-value was highest for variable 27 (quelfeb)
# non la facciamo sulle differenze (anche se uno potrebbe pensare che il blitz è una differenza in una specie di random walk). # Non la facciamo sulle differenze perché il DiD già risolve in parte il problema # e, anche se ci potrebbero essere situazioni sfigate (Milano grafico a “W”, Torino grafico piatto), # ci accorgiamo che così non è dalla correlazione alta tra Milano e Torino/Genova # (correlazione che invece non c'è con l'Italia). # Equazione buona su log: ? deb_log = log( deb_deinfl ) Generated series deb_log (ID 39) ? ols deb_log const TO GE dummify(Month) quelfeb Blitz
Model 6: Pooled OLS, using 159 observations Included 3 cross-sectional units Time-series length = 53 Dependent variable: deb_log
coefficient std. error t-ratio p-value ----------------------------------------------------------- const 10.3816 0.114732 90.49 4.03e-128 *** TO −1.16093 0.0796202 −14.58 4.42e-30 *** GE −1.69245 0.0796202 −21.26 4.16e-46 *** DMonth_2 −0.115190 0.157609 −0.7309 0.4661 DMonth_3 0.950378 0.148596 6.396 2.13e-09 *** DMonth_4 0.181921 0.148596 1.224 0.2229 DMonth_5 1.62231 0.148596 10.92 1.47e-20 *** DMonth_6 0.184963 0.157609 1.174 0.2425 DMonth_7 0.541646 0.157609 3.437 0.0008 *** DMonth_8 1.67446 0.157609 10.62 8.52e-20 *** DMonth_9 −0.264052 0.157609 −1.675 0.0960 * DMonth_10 −0.121913 0.157609 −0.7735 0.4405 DMonth_11 1.01463 0.157609 6.438 1.72e-09 *** DMonth_12 1.67631 0.157609 10.64 7.94e-20 *** quelfeb −0.235842 0.311663 −0.7567 0.4505 Blitz 1.78316 0.503174 3.544 0.0005 ***
Mean dependent var 10.04145 S.D. dependent var 1.090171 Sum squared resid 23.68149 S.E. of regression 0.406946 R-squared 0.873886 Adjusted R-squared 0.860657 F(15, 143) 66.05969 P-value(F) 1.79e-56 Log-likelihood −74.22651 Akaike criterion 180.4530 Schwarz criterion 229.5555 Hannan-Quinn 200.3930 rho 0.007567 Durbin-Watson 1.947751
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
? ols deb_log const TO GE quelfeb Blitz
Model 7: Pooled OLS, using 159 observations Included 3 cross-sectional units Time-series length = 53 Dependent variable: deb_log
coefficient std. error t-ratio p-value --------------------------------------------------------- const 10.9996 0.113107 97.25 3.76e-140 *** TO −1.16093 0.159580 −7.275 1.65e-11 *** GE −1.69245 0.159580 −10.61 4.51e-20 *** quelfeb −0.969041 0.582254 −1.664 0.0981 * Blitz 1.78316 1.00849 1.768 0.0790 *
Mean dependent var 10.04145 S.D. dependent var 1.090171 Sum squared resid 102.4478 S.E. of regression 0.815626 R-squared 0.454422 Adjusted R-squared 0.440251 F(4, 154) 32.06738 P-value(F) 1.97e-19 Log-likelihood −190.6670 Akaike criterion 391.3339 Schwarz criterion 406.6785 Hannan-Quinn 397.5652 rho −0.227000 Durbin-Watson 2.401827
# Tentiamo di far uscire il grafico: ? ols deb_risc const TO GE dummify(Month) quelfeb
Model 8: Pooled OLS, using 159 observations Included 3 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 47943.1 5365.62 8.935 1.77e-15 *** TO −37529.8 3702.63 −10.14 1.48e-18 *** GE −34753.3 3702.63 −9.386 1.26e-16 *** DMonth_2 −3058.75 7382.08 −0.4143 0.6792 DMonth_3 28152.3 6959.89 4.045 8.50e-05 *** DMonth_4 5151.07 6959.89 0.7401 0.4604 DMonth_5 75502.4 6959.89 10.85 2.06e-20 *** DMonth_6 4684.98 7382.08 0.6346 0.5267 DMonth_7 16453.3 7382.08 2.229 0.0274 ** DMonth_8 79414.9 7382.08 10.76 3.55e-20 *** DMonth_9 −8184.66 7382.08 −1.109 0.2694 DMonth_10 −1293.87 7382.08 −0.1753 0.8611 DMonth_11 31007.3 7382.08 4.200 4.65e-05 *** DMonth_12 91394.7 7382.08 12.38 1.98e-24 *** quelfeb 32249.7 12303.5 2.621 0.0097 ***
Mean dependent var 50544.76 S.D. dependent var 41916.90 Sum squared resid 5.23e+10 S.E. of regression 19060.45 R-squared 0.811551 Adjusted R-squared 0.793230 F(14, 144) 44.29523 P-value(F) 4.87e-45 Log-likelihood −1784.737 Akaike criterion 3599.475 Schwarz criterion 3645.508 Hannan-Quinn 3618.169 rho −0.012765 Durbin-Watson 2.005374
Excluding the constant, p-value was highest for variable 36 (DMonth_10)
? err = $uhat Generated series err (ID 40) # panel plot # Fa schifo, usiamo l'altro # Equazione buona su diff: ? deb_risc_incr = deb_risc - deb_risc(-1) Generated series deb_risc_incr (ID 41) ? ols deb_risc_incr const TO GE dummify(Month) quelfeb Blitz
Model 9: Pooled OLS, using 156 observations Included 3 cross-sectional units Time-series length = 52 Dependent variable: deb_risc_incr
coefficient std. error t-ratio p-value ---------------------------------------------------------- const −92814.6 8328.06 −11.14 4.80e-21 *** TO 2069.29 5298.79 0.3905 0.6967 GE 1612.03 5298.79 0.3042 0.7614 DMonth_2 87019.7 10950.1 7.947 5.71e-13 *** DMonth_3 116349 10388.2 11.20 3.46e-21 *** DMonth_4 68586.3 10388.2 6.602 7.77e-10 *** DMonth_5 161939 10388.2 15.59 2.14e-32 *** DMonth_6 17788.6 10950.1 1.625 0.1065 DMonth_7 103356 10950.1 9.439 1.14e-16 *** DMonth_8 154549 10950.1 14.11 1.09e-28 *** DMonth_9 3987.91 10950.1 0.3642 0.7163 DMonth_10 98478.3 10950.1 8.993 1.51e-15 *** DMonth_11 123889 10950.1 11.31 1.75e-21 *** DMonth_12 151975 10950.1 13.88 4.33e-28 *** quelfeb 5842.29 20543.1 0.2844 0.7765 Blitz 101857 33170.8 3.071 0.0026 ***
Mean dependent var 1207.794 S.D. dependent var 60471.66 Sum squared resid 1.01e+11 S.E. of regression 26822.15 R-squared 0.822303 Adjusted R-squared 0.803264 F(15, 140) 43.19056 P-value(F) 6.33e-45 Log-likelihood −1803.643 Akaike criterion 3639.286 Schwarz criterion 3688.084 Hannan-Quinn 3659.106 rho −0.460246 Durbin-Watson 2.904777
Excluding the constant, p-value was highest for variable 27 (quelfeb)
# Equazione buona con l'Italia ? smpl –restrict (Cit == 1 || Cit == 4) Full data set: 212 observations Current sample: 53 observations ? ols deb_risc const IT dummify(Month) quelfeb Blitz
Model 10: OLS, using observations 1-53 Dependent variable: deb_risc Omitted because all values were zero: IT Omitted due to exact collinearity: Blitz
coefficient std. error t-ratio p-value --------------------------------------------------------- const 33651.2 6374.75 5.279 4.85e-06 *** DMonth_2 1738.65 9562.13 0.1818 0.8566 DMonth_3 38593.4 9015.26 4.281 0.0001 *** DMonth_4 21221.5 9015.26 2.354 0.0236 ** DMonth_5 94721.6 9015.26 10.51 4.55e-13 *** DMonth_6 16506.8 9562.13 1.726 0.0920 * DMonth_7 35740.1 9562.13 3.738 0.0006 *** DMonth_8 81396.1 9562.13 8.512 1.62e-10 *** DMonth_9 −13468.0 9562.13 −1.408 0.1667 DMonth_10 3575.54 9562.13 0.3739 0.7104 DMonth_11 36117.3 9562.13 3.777 0.0005 *** DMonth_12 162951 9562.13 17.04 6.10e-20 *** quelfeb 99709.1 15936.9 6.257 2.06e-07 ***
Mean dependent var 74639.13 S.D. dependent var 49779.90 Sum squared resid 8.13e+09 S.E. of regression 14254.38 R-squared 0.936927 Adjusted R-squared 0.918005 F(12, 40) 49.51525 P-value(F) 3.87e-20 Log-likelihood −574.6818 Akaike criterion 1175.364 Schwarz criterion 1200.977 Hannan-Quinn 1185.213 rho 0.174651 Durbin-Watson 1.595154
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
? smpl –full Full data range: 1:01 - 4:53 (n = 212)
? smpl –restrict Cit != 4 Full data range: 1:01 - 4:53 (n = 212) Current sample: 1:01 - 3:53 (n = 159)
# Test controlling for gli altri blitz: ? other_bl = (GE && (time==38 || time==42 || time==44 || time=45 || time==46)) \
|| (TO && (time == 44 || time == 45 || time == 46) ) || (MI && (time == 41 \ || time == 44))
Generated series other_bl (ID 42) ? ols deb_risc const TO GE dummify(Month) quelfeb Blitz other_bl
Model 11: Pooled OLS, using 159 observations Included 3 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 46841.5 5140.29 9.113 6.90e-16 *** TO −35864.6 3566.72 −10.06 2.70e-18 *** GE −33113.9 3579.59 −9.251 3.08e-16 *** DMonth_2 −3058.75 7059.22 −0.4333 0.6655 DMonth_3 28152.3 6655.49 4.230 4.17e-05 *** DMonth_4 5151.07 6655.49 0.7740 0.4402 DMonth_5 75456.8 6669.58 11.31 1.48e-21 *** DMonth_6 4627.99 7079.96 0.6537 0.5144 DMonth_7 16453.3 7059.22 2.331 0.0212 ** DMonth_8 79243.9 7243.75 10.94 1.39e-20 *** DMonth_9 −8298.65 7141.82 −1.162 0.2472 DMonth_10 −1407.86 7141.82 −0.1971 0.8440 DMonth_11 31007.3 7059.22 4.392 2.18e-05 *** DMonth_12 91394.7 7059.22 12.95 8.30e-26 *** quelfeb 2374.56 14318.3 0.1658 0.8685 Blitz 88941.6 22743.9 3.911 0.0001 *** other_bl 683.931 6498.50 0.1052 0.9163
Mean dependent var 50544.76 S.D. dependent var 41916.90 Sum squared resid 4.72e+10 S.E. of regression 18226.82 R-squared 0.830068 Adjusted R-squared 0.810921 F(16, 142) 43.35182 P-value(F) 1.64e-46 Log-likelihood −1776.515 Akaike criterion 3587.030 Schwarz criterion 3639.201 Hannan-Quinn 3608.216 rho −0.018393 Durbin-Watson 2.015914
Excluding the constant, p-value was highest for variable 42 (other_bl)
? ols deb_log const TO GE dummify(Month) quelfeb Blitz other_bl
Model 12: Pooled OLS, using 159 observations Included 3 cross-sectional units Time-series length = 53 Dependent variable: deb_log
coefficient std. error t-ratio p-value ----------------------------------------------------------- const 10.3811 0.115157 90.15 3.19e-127 *** TO −1.16067 0.0799043 −14.53 7.17e-30 *** GE −1.69121 0.0801925 −21.09 1.37e-45 *** DMonth_2 −0.115190 0.158146 −0.7284 0.4676 DMonth_3 0.950378 0.149101 6.374 2.41e-09 *** DMonth_4 0.181921 0.149101 1.220 0.2244 DMonth_5 1.62404 0.149417 10.87 2.12e-20 *** DMonth_6 0.187126 0.158610 1.180 0.2401 DMonth_7 0.541646 0.158146 3.425 0.0008 *** DMonth_8 1.68095 0.162280 10.36 4.47e-19 *** DMonth_9 −0.259726 0.159996 −1.623 0.1067 DMonth_10 −0.117587 0.159996 −0.7349 0.4636 DMonth_11 1.01463 0.158146 6.416 1.95e-09 *** DMonth_12 1.67631 0.158146 10.60 1.06e-19 *** quelfeb −0.223113 0.320769 −0.6956 0.4878 Blitz 1.77093 0.509524 3.476 0.0007 *** other_bl −0.0259569 0.145584 −0.1783 0.8587
Mean dependent var 10.04145 S.D. dependent var 1.090171 Sum squared resid 23.67619 S.E. of regression 0.408330 R-squared 0.873914 Adjusted R-squared 0.859707 F(16, 142) 61.51363 P-value(F) 1.46e-55 Log-likelihood −74.20871 Akaike criterion 182.4174 Schwarz criterion 234.5888 Hannan-Quinn 203.6037 rho 0.005117 Durbin-Watson 1.952596
Excluding the constant, p-value was highest for variable 42 (other_bl)
# Tutti i blitz di Milano insieme: ? other_bl = (GE && (time==38 || time==42 || time==44 || time=45 || time==46)) \
|| (TO && (time == 44 || time == 45 || time == 46) )
Replaced series other_bl (ID 42) ? time_bl = (time == 41 || time == 44 || time == 38) Generated series time_bl (ID 43) ? MI_bl = MI && time_bl Generated series MI_bl (ID 44) ? ols deb_risc const TO GE dummify(Month) MI_bl time_bl other_bl
Model 13: Pooled OLS, using 159 observations Included 3 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value --------------------------------------------------------- const 47032.9 5461.80 8.611 1.25e-14 *** TO −36100.1 3838.38 −9.405 1.25e-16 *** GE −33452.6 3871.61 −8.640 1.06e-14 *** DMonth_2 1633.52 7190.51 0.2272 0.8206 DMonth_3 28152.3 7042.23 3.998 0.0001 *** DMonth_4 5151.07 7042.23 0.7315 0.4657 DMonth_5 73972.5 7210.57 10.26 8.07e-19 *** DMonth_6 4400.23 7500.90 0.5866 0.5584 DMonth_7 16453.3 7469.41 2.203 0.0292 ** DMonth_8 76933.1 7718.89 9.967 4.57e-18 *** DMonth_9 −8754.17 7594.60 −1.153 0.2510 DMonth_10 −1863.38 7594.60 −0.2454 0.8065 DMonth_11 31007.3 7469.41 4.151 5.68e-05 *** DMonth_12 91394.7 7469.41 12.24 5.85e-24 *** MI_bl 28674.3 14521.7 1.975 0.0503 * time_bl −1908.72 9490.00 −0.2011 0.8409 other_bl 3417.05 8239.61 0.4147 0.6790
Mean dependent var 50544.76 S.D. dependent var 41916.90 Sum squared resid 5.28e+10 S.E. of regression 19285.94 R-squared 0.809746 Adjusted R-squared 0.788309 F(16, 142) 37.77311 P-value(F) 4.20e-43 Log-likelihood −1785.495 Akaike criterion 3604.991 Schwarz criterion 3657.162 Hannan-Quinn 3626.177 rho −0.002232 Durbin-Watson 1.987777
Excluding the constant, p-value was highest for variable 43 (time_bl)
# Giusto per scrupolo: ? tutti_bl = other_bl || MI_bl Generated series tutti_bl (ID 45) ? tutti_t = time==38 || time == 41 || time==42 || time==44 || time=45 || \
time==46
Generated series tutti_t (ID 46) ? ols deb_risc const TO GE dummify(Month) tutti_bl tutti_t
Model 14: Pooled OLS, using 159 observations Included 3 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value --------------------------------------------------------- const 48129.9 5460.22 8.815 3.71e-15 *** TO −37529.8 3766.97 −9.963 4.40e-18 *** GE −35313.7 3784.68 −9.331 1.84e-16 *** DMonth_2 2547.95 7158.27 0.3559 0.7224 DMonth_3 28152.3 7080.83 3.976 0.0001 *** DMonth_4 5151.07 7080.83 0.7275 0.4681 DMonth_5 75649.1 7177.26 10.54 1.41e-19 *** DMonth_6 4868.42 7652.04 0.6362 0.5256 DMonth_7 16453.3 7510.36 2.191 0.0301 ** DMonth_8 77123.3 7681.63 10.04 2.78e-18 *** DMonth_9 −9238.73 7624.19 −1.212 0.2276 DMonth_10 −2347.93 7624.19 −0.3080 0.7586 DMonth_11 31007.3 7510.36 4.129 6.18e-05 *** DMonth_12 91394.7 7510.36 12.17 7.87e-24 *** tutti_bl 14850.0 9691.82 1.532 0.1277 tutti_t −5683.76 7877.28 −0.7215 0.4718
Mean dependent var 50544.76 S.D. dependent var 41916.90 Sum squared resid 5.38e+10 S.E. of regression 19391.66 R-squared 0.806300 Adjusted R-squared 0.785981 F(15, 143) 39.68354 P-value(F) 2.27e-43 Log-likelihood −1786.923 Akaike criterion 3605.845 Schwarz criterion 3654.948 Hannan-Quinn 3625.785 rho −0.018810 Durbin-Watson 2.017266
Excluding the constant, p-value was highest for variable 36 (DMonth_10)
# Anche Genova: ? quelgen = time == 37 Generated series quelgen (ID 47) ? blitz_g = (GE && quelgen) Generated series blitz_g (ID 48) ? ols deb_risc const TO GE dummify(Month) quelgen blitz_g quelfeb Blitz
Model 15: Pooled OLS, using 159 observations Included 3 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ----------------------------------------------------------- const 48343.0 5665.73 8.533 2.04e-14 *** TO −35857.9 3573.69 −10.03 3.27e-18 *** GE −33098.0 3599.50 −9.195 4.48e-16 *** DMonth_2 −4567.75 7456.84 −0.6126 0.5412 DMonth_3 26643.3 7074.18 3.766 0.0002 *** DMonth_4 3642.07 7074.18 0.5148 0.6075 DMonth_5 73993.4 7074.18 10.46 2.62e-19 *** DMonth_6 3175.98 7456.84 0.4259 0.6708 DMonth_7 14944.3 7456.84 2.004 0.0470 ** DMonth_8 77905.9 7456.84 10.45 2.81e-19 *** DMonth_9 −9693.66 7456.84 −1.300 0.1957 DMonth_10 −2802.87 7456.84 −0.3759 0.7076 DMonth_11 29498.3 7456.84 3.956 0.0001 *** DMonth_12 89885.7 7456.84 12.05 1.93e-23 *** quelgen −7838.79 13988.9 −0.5604 0.5761 blitz_g 881.337 22585.6 0.03902 0.9689 quelfeb 2712.77 13988.9 0.1939 0.8465 Blitz 88610.9 22585.6 3.923 0.0001 ***
Mean dependent var 50544.76 S.D. dependent var 41916.90 Sum squared resid 4.70e+10 S.E. of regression 18265.45 R-squared 0.830549 Adjusted R-squared 0.810119 F(17, 141) 40.65284 P-value(F) 9.03e-46 Log-likelihood −1776.290 Akaike criterion 3588.579 Schwarz criterion 3643.820 Hannan-Quinn 3611.012 rho −0.020769 Durbin-Watson 2.020496
Excluding the constant, p-value was highest for variable 48 (blitz_g)
? ols deb_log const TO GE dummify(Month) quelgen blitz_g quelfeb Blitz
Model 16: Pooled OLS, using 159 observations Included 3 cross-sectional units Time-series length = 53 Dependent variable: deb_log
coefficient std. error t-ratio p-value ----------------------------------------------------------- const 10.4394 0.125682 83.06 1.25e-121 *** TO −1.16081 0.0792748 −14.64 4.24e-30 *** GE −1.67951 0.0798472 −21.03 2.53e-45 *** DMonth_2 −0.177320 0.165414 −1.072 0.2856 DMonth_3 0.888248 0.156926 5.660 8.15e-08 *** DMonth_4 0.119791 0.156926 0.7634 0.4465 DMonth_5 1.56018 0.156926 9.942 5.62e-18 *** DMonth_6 0.122833 0.165414 0.7426 0.4590 DMonth_7 0.479516 0.165414 2.899 0.0043 *** DMonth_8 1.61233 0.165414 9.747 1.77e-17 *** DMonth_9 −0.326182 0.165414 −1.972 0.0506 * DMonth_10 −0.184043 0.165414 −1.113 0.2678 DMonth_11 0.952498 0.165414 5.758 5.11e-08 *** DMonth_12 1.61418 0.165414 9.758 1.66e-17 *** quelgen −0.0842327 0.310315 −0.2714 0.7864 blitz_g −0.679250 0.501015 −1.356 0.1773 quelfeb −0.238019 0.310315 −0.7670 0.4443 Blitz 1.78969 0.501015 3.572 0.0005 ***
Mean dependent var 10.04145 S.D. dependent var 1.090171 Sum squared resid 23.14813 S.E. of regression 0.405180 R-squared 0.876726 Adjusted R-squared 0.861864 F(17, 141) 58.98810 P-value(F) 2.44e-55 Log-likelihood −72.41551 Akaike criterion 180.8310 Schwarz criterion 236.0713 Hannan-Quinn 203.2635 rho 0.012670 Durbin-Watson 1.938143
Excluding the constant, p-value was highest for variable 47 (quelgen)
? smpl –full Full data range: 1:01 - 4:53 (n = 212)
# placebo: ? loop b=1..53
blitz_plac = const - const
smpl –replace –restrict MI
blitz_plac = (time == b)
smpl –replace –restrict Cit != 2
ols deb_risc const MI GE dummify(Month) quelfeb blitz_plac
endloop
loop: b = 1
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 17: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ----------------------------------------------------------- const 3357.11 6575.26 0.5106 0.6109 MI 37639.1 3727.82 10.10 1.60e-16 *** DMonth_2 532.180 9278.04 0.05736 0.9544 DMonth_3 34728.0 8773.37 3.958 0.0001 *** DMonth_4 11152.3 8773.37 1.271 0.2069 DMonth_5 84984.3 8773.37 9.687 1.15e-15 *** DMonth_6 10892.6 9278.04 1.174 0.2434 DMonth_7 24901.6 9278.04 2.684 0.0086 *** DMonth_8 88545.1 9278.04 9.544 2.30e-15 *** DMonth_9 −6302.77 9278.04 −0.6793 0.4987 DMonth_10 1544.62 9278.04 0.1665 0.8681 DMonth_11 35974.9 9278.04 3.877 0.0002 *** DMonth_12 115472 9278.04 12.45 2.38e-21 *** quelfeb 47773.4 15091.4 3.166 0.0021 *** blitz_plac −5793.44 20228.2 −0.2864 0.7752
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19089.30 R-squared 0.853493 Adjusted R-squared 0.830954 F(14, 91) 37.86653 P-value(F) 8.43e-32 Log-likelihood −1187.150 Akaike criterion 2404.301 Schwarz criterion 2444.252 Hannan-Quinn 2420.493 rho 0.000806 Durbin-Watson 1.978794
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 2
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 18: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2753.92 6315.00 0.4361 0.6638 MI 37686.8 3726.70 10.11 1.48e-16 *** DMonth_2 2151.63 9406.81 0.2287 0.8196 DMonth_3 35307.4 8533.13 4.138 7.82e-05 *** DMonth_4 11731.7 8533.13 1.375 0.1726 DMonth_5 85563.7 8533.13 10.03 2.24e-16 *** DMonth_6 11472.0 9050.75 1.268 0.2082 DMonth_7 25480.9 9050.75 2.815 0.0060 *** DMonth_8 89124.5 9050.75 9.847 5.32e-16 *** DMonth_9 −5723.43 9050.75 −0.6324 0.5287 DMonth_10 2123.96 9050.75 0.2347 0.8150 DMonth_11 36554.2 9050.75 4.039 0.0001 *** DMonth_12 116051 9050.75 12.82 4.18e-22 *** quelfeb 46733.3 15300.9 3.054 0.0030 *** blitz_plac −8320.88 20508.9 −0.4057 0.6859
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.31e+10 S.E. of regression 19080.65 R-squared 0.853626 Adjusted R-squared 0.831107 F(14, 91) 37.90676 P-value(F) 8.09e-32 Log-likelihood −1187.102 Akaike criterion 2404.205 Schwarz criterion 2444.156 Hannan-Quinn 2420.397 rho 0.001389 Durbin-Watson 1.976600
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 3
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 19: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ----------------------------------------------------------- const 2847.18 6320.41 0.4505 0.6534 MI 37500.3 3729.38 10.06 1.96e-16 *** DMonth_2 1111.52 9058.63 0.1227 0.9026 DMonth_3 35150.9 8777.04 4.005 0.0001 *** DMonth_4 11731.7 8540.56 1.374 0.1729 DMonth_5 85563.7 8540.56 10.02 2.34e-16 *** DMonth_6 11472.0 9058.63 1.266 0.2086 DMonth_7 25480.9 9058.63 2.813 0.0060 *** DMonth_8 89124.5 9058.63 9.839 5.55e-16 *** DMonth_9 −5723.43 9058.63 −0.6318 0.5291 DMonth_10 2123.96 9058.63 0.2345 0.8151 DMonth_11 36554.2 9058.63 4.035 0.0001 *** DMonth_12 116051 9058.63 12.81 4.40e-22 *** quelfeb 47773.4 15097.7 3.164 0.0021 *** blitz_plac 1564.89 20236.6 0.07733 0.9385
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19097.27 R-squared 0.853371 Adjusted R-squared 0.830812 F(14, 91) 37.82949 P-value(F) 8.75e-32 Log-likelihood −1187.195 Akaike criterion 2404.389 Schwarz criterion 2444.341 Hannan-Quinn 2420.582 rho 0.002127 Durbin-Watson 1.975337
Excluding the constant, p-value was highest for variable 49 (blitz_plac)
loop: b = 4
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 20: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2912.13 6314.57 0.4612 0.6458 MI 37370.4 3725.93 10.03 2.21e-16 *** DMonth_2 1111.52 9050.25 0.1228 0.9025 DMonth_3 35307.4 8532.65 4.138 7.81e-05 *** DMonth_4 10886.7 8768.91 1.242 0.2176 DMonth_5 85563.7 8532.65 10.03 2.23e-16 *** DMonth_6 11472.0 9050.25 1.268 0.2082 DMonth_7 25480.9 9050.25 2.815 0.0060 *** DMonth_8 89124.5 9050.25 9.848 5.31e-16 *** DMonth_9 −5723.43 9050.25 −0.6324 0.5287 DMonth_10 2123.96 9050.25 0.2347 0.8150 DMonth_11 36554.2 9050.25 4.039 0.0001 *** DMonth_12 116051 9050.25 12.82 4.17e-22 *** quelfeb 47773.4 15083.7 3.167 0.0021 *** blitz_plac 8449.46 20217.9 0.4179 0.6770
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.31e+10 S.E. of regression 19079.60 R-squared 0.853642 Adjusted R-squared 0.831125 F(14, 91) 37.91165 P-value(F) 8.05e-32 Log-likelihood −1187.096 Akaike criterion 2404.193 Schwarz criterion 2444.145 Hannan-Quinn 2420.386 rho −0.002213 Durbin-Watson 1.983918
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 5
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 21: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2996.62 6294.88 0.4760 0.6352 MI 37201.4 3714.31 10.02 2.37e-16 *** DMonth_2 1111.52 9022.03 0.1232 0.9022 DMonth_3 35307.4 8506.05 4.151 7.45e-05 *** DMonth_4 11731.7 8506.05 1.379 0.1712 DMonth_5 83823.1 8741.58 9.589 1.85e-15 *** DMonth_6 11472.0 9022.03 1.272 0.2068 DMonth_7 25480.9 9022.03 2.824 0.0058 *** DMonth_8 89124.5 9022.03 9.879 4.58e-16 *** DMonth_9 −5723.43 9022.03 −0.6344 0.5274 DMonth_10 2123.96 9022.03 0.2354 0.8144 DMonth_11 36554.2 9022.03 4.052 0.0001 *** DMonth_12 116051 9022.03 12.86 3.47e-22 *** quelfeb 47773.4 15036.7 3.177 0.0020 *** blitz_plac 17405.6 20154.9 0.8636 0.3901
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.29e+10 S.E. of regression 19020.12 R-squared 0.854553 Adjusted R-squared 0.832177 F(14, 91) 38.18986 P-value(F) 6.10e-32 Log-likelihood −1186.766 Akaike criterion 2403.531 Schwarz criterion 2443.483 Hannan-Quinn 2419.724 rho −0.001873 Durbin-Watson 1.986420
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 6
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 22: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ------------------------------------------------------------ const 2832.75 6320.71 0.4482 0.6551 MI 37529.1 3730.07 10.06 1.90e-16 *** DMonth_2 1111.52 9058.93 0.1227 0.9026 DMonth_3 35307.4 8540.84 4.134 7.92e-05 *** DMonth_4 11731.7 8540.84 1.374 0.1729 DMonth_5 85563.7 8540.84 10.02 2.34e-16 *** DMonth_6 11467.5 9415.32 1.218 0.2264 DMonth_7 25480.9 9058.93 2.813 0.0060 *** DMonth_8 89124.5 9058.93 9.838 5.56e-16 *** DMonth_9 −5723.43 9058.93 −0.6318 0.5291 DMonth_10 2123.96 9058.93 0.2345 0.8152 DMonth_11 36554.2 9058.93 4.035 0.0001 *** DMonth_12 116051 9058.93 12.81 4.41e-22 *** quelfeb 47773.4 15098.2 3.164 0.0021 *** blitz_plac 35.7317 20527.5 0.001741 0.9986
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19097.90 R-squared 0.853361 Adjusted R-squared 0.830801 F(14, 91) 37.82658 P-value(F) 8.77e-32 Log-likelihood −1187.198 Akaike criterion 2404.396 Schwarz criterion 2444.348 Hannan-Quinn 2420.589 rho 0.002088 Durbin-Watson 1.975392
Excluding the constant, p-value was highest for variable 49 (blitz_plac)
loop: b = 7
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 23: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 3139.56 6232.73 0.5037 0.6157 MI 36915.5 3678.15 10.04 2.14e-16 *** DMonth_2 1111.52 8932.84 0.1244 0.9012 DMonth_3 35307.4 8421.96 4.192 6.39e-05 *** DMonth_4 11731.7 8421.96 1.393 0.1670 DMonth_5 85563.7 8421.96 10.16 1.19e-16 *** DMonth_6 11472.0 8932.84 1.284 0.2023 DMonth_7 21411.2 9284.27 2.306 0.0234 ** DMonth_8 89124.5 8932.84 9.977 2.85e-16 *** DMonth_9 −5723.43 8932.84 −0.6407 0.5233 DMonth_10 2123.96 8932.84 0.2378 0.8126 DMonth_11 36554.2 8932.84 4.092 9.23e-05 *** DMonth_12 116051 8932.84 12.99 1.92e-22 *** quelfeb 47773.4 14888.1 3.209 0.0018 *** blitz_plac 32557.4 20241.8 1.608 0.1112
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.23e+10 S.E. of regression 18832.08 R-squared 0.857415 Adjusted R-squared 0.835478 F(14, 91) 39.08674 P-value(F) 2.52e-32 Log-likelihood −1185.712 Akaike criterion 2401.425 Schwarz criterion 2441.376 Hannan-Quinn 2417.617 rho 0.003737 Durbin-Watson 1.972065
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 8
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 24: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ----------------------------------------------------------- const 2815.01 6320.42 0.4454 0.6571 MI 37564.6 3729.90 10.07 1.81e-16 *** DMonth_2 1111.52 9058.53 0.1227 0.9026 DMonth_3 35307.4 8540.46 4.134 7.92e-05 *** DMonth_4 11731.7 8540.46 1.374 0.1729 DMonth_5 85563.7 8540.46 10.02 2.33e-16 *** DMonth_6 11472.0 9058.53 1.266 0.2086 DMonth_7 25480.9 9058.53 2.813 0.0060 *** DMonth_8 89355.1 9414.90 9.491 2.96e-15 *** DMonth_9 −5723.43 9058.53 −0.6318 0.5291 DMonth_10 2123.96 9058.53 0.2345 0.8151 DMonth_11 36554.2 9058.53 4.035 0.0001 *** DMonth_12 116051 9058.53 12.81 4.40e-22 *** quelfeb 47773.4 15097.5 3.164 0.0021 *** blitz_plac −1844.73 20526.6 −0.08987 0.9286
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19097.05 R-squared 0.853374 Adjusted R-squared 0.830816 F(14, 91) 37.83051 P-value(F) 8.74e-32 Log-likelihood −1187.193 Akaike criterion 2404.387 Schwarz criterion 2444.338 Hannan-Quinn 2420.579 rho 0.003056 Durbin-Watson 1.973461
Excluding the constant, p-value was highest for variable 49 (blitz_plac)
loop: b = 9
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 25: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2706.12 6305.92 0.4291 0.6688 MI 37782.4 3721.34 10.15 1.22e-16 *** DMonth_2 1111.52 9037.73 0.1230 0.9024 DMonth_3 35307.4 8520.86 4.144 7.65e-05 *** DMonth_4 11731.7 8520.86 1.377 0.1719 DMonth_5 85563.7 8520.86 10.04 2.09e-16 *** DMonth_6 11472.0 9037.73 1.269 0.2076 DMonth_7 25480.9 9037.73 2.819 0.0059 *** DMonth_8 89124.5 9037.73 9.861 4.97e-16 *** DMonth_9 −4050.05 9393.29 −0.4312 0.6674 DMonth_10 2123.96 9037.73 0.2350 0.8147 DMonth_11 36554.2 9037.73 4.045 0.0001 *** DMonth_12 116051 9037.73 12.84 3.84e-22 *** quelfeb 47773.4 15062.9 3.172 0.0021 *** blitz_plac −13387.0 20479.4 −0.6537 0.5150
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.30e+10 S.E. of regression 19053.22 R-squared 0.854046 Adjusted R-squared 0.831592 F(14, 91) 38.03472 P-value(F) 7.12e-32 Log-likelihood −1186.950 Akaike criterion 2403.900 Schwarz criterion 2443.851 Hannan-Quinn 2420.092 rho −0.000669 Durbin-Watson 1.980500
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 10
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 26: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2779.80 6318.14 0.4400 0.6610 MI 37635.0 3728.55 10.09 1.63e-16 *** DMonth_2 1111.52 9055.25 0.1227 0.9026 DMonth_3 35307.4 8537.37 4.136 7.87e-05 *** DMonth_4 11731.7 8537.37 1.374 0.1728 DMonth_5 85563.7 8537.37 10.02 2.29e-16 *** DMonth_6 11472.0 9055.25 1.267 0.2084 DMonth_7 25480.9 9055.25 2.814 0.0060 *** DMonth_8 89124.5 9055.25 9.842 5.45e-16 *** DMonth_9 −5723.43 9055.25 −0.6321 0.5289 DMonth_10 2821.15 9411.50 0.2998 0.7650 DMonth_11 36554.2 9055.25 4.037 0.0001 *** DMonth_12 116051 9055.25 12.82 4.31e-22 *** quelfeb 47773.4 15092.1 3.165 0.0021 *** blitz_plac −5577.49 20519.1 −0.2718 0.7864
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19090.15 R-squared 0.853480 Adjusted R-squared 0.830939 F(14, 91) 37.86257 P-value(F) 8.46e-32 Log-likelihood −1187.155 Akaike criterion 2404.310 Schwarz criterion 2444.262 Hannan-Quinn 2420.503 rho 0.000463 Durbin-Watson 1.978478
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 11
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 27: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2855.87 6320.20 0.4519 0.6524 MI 37482.9 3729.77 10.05 2.01e-16 *** DMonth_2 1111.52 9058.20 0.1227 0.9026 DMonth_3 35307.4 8540.15 4.134 7.91e-05 *** DMonth_4 11731.7 8540.15 1.374 0.1729 DMonth_5 85563.7 8540.15 10.02 2.33e-16 *** DMonth_6 11472.0 9058.20 1.266 0.2086 DMonth_7 25480.9 9058.20 2.813 0.0060 *** DMonth_8 89124.5 9058.20 9.839 5.54e-16 *** DMonth_9 −5723.43 9058.20 −0.6319 0.5291 DMonth_10 2123.96 9058.20 0.2345 0.8151 DMonth_11 36243.5 9414.56 3.850 0.0002 *** DMonth_12 116051 9058.20 12.81 4.39e-22 *** quelfeb 47773.4 15097.0 3.164 0.0021 *** blitz_plac 2485.91 20525.8 0.1211 0.9039
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19096.36 R-squared 0.853385 Adjusted R-squared 0.830829 F(14, 91) 37.83372 P-value(F) 8.71e-32 Log-likelihood −1187.190 Akaike criterion 2404.379 Schwarz criterion 2444.331 Hannan-Quinn 2420.572 rho −0.002990 Durbin-Watson 1.985389
Excluding the constant, p-value was highest for variable 49 (blitz_plac)
loop: b = 12
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 28: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 3618.60 5719.77 0.6326 0.5286 MI 35957.4 3375.43 10.65 1.11e-17 *** DMonth_2 1111.52 8197.66 0.1356 0.8924 DMonth_3 35307.4 7728.82 4.568 1.54e-05 *** DMonth_4 11731.7 7728.82 1.518 0.1325 DMonth_5 85563.7 7728.82 11.07 1.52e-18 *** DMonth_6 11472.0 8197.66 1.399 0.1651 DMonth_7 25480.9 8197.66 3.108 0.0025 *** DMonth_8 89124.5 8197.66 10.87 3.91e-18 *** DMonth_9 −5723.43 8197.66 −0.6982 0.4868 DMonth_10 2123.96 8197.66 0.2591 0.7961 DMonth_11 36554.2 8197.66 4.459 2.34e-05 *** DMonth_12 105634 8520.16 12.40 2.96e-21 *** quelfeb 47773.4 13662.8 3.497 0.0007 *** blitz_plac 83334.9 18575.8 4.486 2.11e-05 ***
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 2.72e+10 S.E. of regression 17282.18 R-squared 0.879919 Adjusted R-squared 0.861445 F(14, 91) 47.63004 P-value(F) 1.18e-35 Log-likelihood −1176.608 Akaike criterion 2383.217 Schwarz criterion 2423.169 Hannan-Quinn 2399.410 rho 0.051943 Durbin-Watson 1.874810
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 13
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 29: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ------------------------------------------------------------ const 4707.55 6540.28 0.7198 0.4735 MI 37920.4 3707.99 10.23 8.59e-17 *** DMonth_2 −958.930 9228.69 −0.1039 0.9175 DMonth_3 33236.9 8726.70 3.809 0.0003 *** DMonth_4 9661.21 8726.70 1.107 0.2712 DMonth_5 83493.2 8726.70 9.568 2.05e-15 *** DMonth_6 9401.51 9228.69 1.019 0.3110 DMonth_7 23410.5 9228.69 2.537 0.0129 ** DMonth_8 87054.0 9228.69 9.433 3.92e-15 *** DMonth_9 −7793.88 9228.69 −0.8445 0.4006 DMonth_10 53.5061 9228.69 0.005798 0.9954 DMonth_11 34483.8 9228.69 3.737 0.0003 *** DMonth_12 113980 9228.69 12.35 3.69e-21 *** quelfeb 47773.4 15011.1 3.183 0.0020 *** blitz_plac −20704.5 20120.6 −1.029 0.3062
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.28e+10 S.E. of regression 18987.74 R-squared 0.855048 Adjusted R-squared 0.832747 F(14, 91) 38.34237 P-value(F) 5.24e-32 Log-likelihood −1186.585 Akaike criterion 2403.170 Schwarz criterion 2443.122 Hannan-Quinn 2419.363 rho 0.046814 Durbin-Watson 1.886851
Excluding the constant, p-value was highest for variable 36 (DMonth_10)
loop: b = 14
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 30: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2807.51 6320.13 0.4442 0.6579 MI 37579.6 3729.73 10.08 1.77e-16 *** DMonth_2 1441.53 9414.46 0.1531 0.8786 DMonth_3 35307.4 8540.06 4.134 7.91e-05 *** DMonth_4 11731.7 8540.06 1.374 0.1729 DMonth_5 85563.7 8540.06 10.02 2.33e-16 *** DMonth_6 11472.0 9058.10 1.266 0.2086 DMonth_7 25480.9 9058.10 2.813 0.0060 *** DMonth_8 89124.5 9058.10 9.839 5.53e-16 *** DMonth_9 −5723.43 9058.10 −0.6319 0.5291 DMonth_10 2123.96 9058.10 0.2345 0.8151 DMonth_11 36554.2 9058.10 4.036 0.0001 *** DMonth_12 116051 9058.10 12.81 4.39e-22 *** quelfeb 47443.4 15313.3 3.098 0.0026 *** blitz_plac −2640.04 20525.6 −0.1286 0.8979
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19096.16 R-squared 0.853388 Adjusted R-squared 0.830832 F(14, 91) 37.83464 P-value(F) 8.70e-32 Log-likelihood −1187.188 Akaike criterion 2404.377 Schwarz criterion 2444.329 Hannan-Quinn 2420.570 rho 0.001588 Durbin-Watson 1.976328
Excluding the constant, p-value was highest for variable 49 (blitz_plac)
loop: b = 15
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 31: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2947.21 6308.05 0.4672 0.6415 MI 37300.2 3722.09 10.02 2.30e-16 *** DMonth_2 1111.52 9040.92 0.1229 0.9024 DMonth_3 34090.6 8759.87 3.892 0.0002 *** DMonth_4 11731.7 8523.86 1.376 0.1721 DMonth_5 85563.7 8523.86 10.04 2.12e-16 *** DMonth_6 11472.0 9040.92 1.269 0.2077 DMonth_7 25480.9 9040.92 2.818 0.0059 *** DMonth_8 89124.5 9040.92 9.858 5.06e-16 *** DMonth_9 −5723.43 9040.92 −0.6331 0.5283 DMonth_10 2123.96 9040.92 0.2349 0.8148 DMonth_11 36554.2 9040.92 4.043 0.0001 *** DMonth_12 116051 9040.92 12.84 3.92e-22 *** quelfeb 47773.4 15068.2 3.170 0.0021 *** blitz_plac 12167.9 20197.1 0.6025 0.5484
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.31e+10 S.E. of regression 19059.92 R-squared 0.853944 Adjusted R-squared 0.831473 F(14, 91) 38.00338 P-value(F) 7.35e-32 Log-likelihood −1186.987 Akaike criterion 2403.974 Schwarz criterion 2443.926 Hannan-Quinn 2420.167 rho −0.003593 Durbin-Watson 1.986639
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 16
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 32: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 3019.90 6287.04 0.4803 0.6321 MI 37154.8 3709.69 10.02 2.37e-16 *** DMonth_2 1111.52 9010.80 0.1234 0.9021 DMonth_3 35307.4 8495.47 4.156 7.31e-05 *** DMonth_4 9744.37 8730.69 1.116 0.2673 DMonth_5 85563.7 8495.47 10.07 1.81e-16 *** DMonth_6 11472.0 9010.80 1.273 0.2062 DMonth_7 25480.9 9010.80 2.828 0.0058 *** DMonth_8 89124.5 9010.80 9.891 4.32e-16 *** DMonth_9 −5723.43 9010.80 −0.6352 0.5269 DMonth_10 2123.96 9010.80 0.2357 0.8142 DMonth_11 36554.2 9010.80 4.057 0.0001 *** DMonth_12 116051 9010.80 12.88 3.22e-22 *** quelfeb 47773.4 15018.0 3.181 0.0020 *** blitz_plac 19872.9 20129.8 0.9872 0.3261
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.28e+10 S.E. of regression 18996.44 R-squared 0.854915 Adjusted R-squared 0.832594 F(14, 91) 38.30133 P-value(F) 5.46e-32 Log-likelihood −1186.633 Akaike criterion 2403.267 Schwarz criterion 2443.219 Hannan-Quinn 2419.460 rho −0.002492 Durbin-Watson 1.984456
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 17
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 33: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2798.03 6319.50 0.4428 0.6590 MI 37598.6 3728.84 10.08 1.71e-16 *** DMonth_2 1111.52 9057.31 0.1227 0.9026 DMonth_3 35307.4 8539.32 4.135 7.90e-05 *** DMonth_4 11731.7 8539.32 1.374 0.1729 DMonth_5 85928.1 8775.76 9.792 6.96e-16 *** DMonth_6 11472.0 9057.31 1.267 0.2085 DMonth_7 25480.9 9057.31 2.813 0.0060 *** DMonth_8 89124.5 9057.31 9.840 5.51e-16 *** DMonth_9 −5723.43 9057.31 −0.6319 0.5290 DMonth_10 2123.96 9057.31 0.2345 0.8151 DMonth_11 36554.2 9057.31 4.036 0.0001 *** DMonth_12 116051 9057.31 12.81 4.36e-22 *** quelfeb 47773.4 15095.5 3.165 0.0021 *** blitz_plac −3644.64 20233.7 −0.1801 0.8575
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19094.49 R-squared 0.853413 Adjusted R-squared 0.830862 F(14, 91) 37.84238 P-value(F) 8.63e-32 Log-likelihood −1187.179 Akaike criterion 2404.358 Schwarz criterion 2444.310 Hannan-Quinn 2420.551 rho 0.006855 Durbin-Watson 1.965284
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 18
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 34: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 3101.89 6253.10 0.4961 0.6211 MI 36990.9 3690.17 10.02 2.27e-16 *** DMonth_2 1111.52 8962.04 0.1240 0.9016 DMonth_3 35307.4 8449.49 4.179 6.72e-05 *** DMonth_4 11731.7 8449.49 1.388 0.1684 DMonth_5 85563.7 8449.49 10.13 1.39e-16 *** DMonth_6 7901.51 9314.61 0.8483 0.3985 DMonth_7 25480.9 8962.04 2.843 0.0055 *** DMonth_8 89124.5 8962.04 9.945 3.33e-16 *** DMonth_9 −5723.43 8962.04 −0.6386 0.5247 DMonth_10 2123.96 8962.04 0.2370 0.8132 DMonth_11 36554.2 8962.04 4.079 9.69e-05 *** DMonth_12 116051 8962.04 12.95 2.34e-22 *** quelfeb 47773.4 14936.7 3.198 0.0019 *** blitz_plac 28563.6 20307.9 1.407 0.1630
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.25e+10 S.E. of regression 18893.63 R-squared 0.856481 Adjusted R-squared 0.834401 F(14, 91) 38.79023 P-value(F) 3.37e-32 Log-likelihood −1186.058 Akaike criterion 2402.117 Schwarz criterion 2442.068 Hannan-Quinn 2418.309 rho 0.006238 Durbin-Watson 1.967234
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 19
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 35: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2861.14 6319.94 0.4527 0.6518 MI 37472.3 3729.62 10.05 2.03e-16 *** DMonth_2 1111.52 9057.83 0.1227 0.9026 DMonth_3 35307.4 8539.81 4.134 7.91e-05 *** DMonth_4 11731.7 8539.81 1.374 0.1729 DMonth_5 85563.7 8539.81 10.02 2.33e-16 *** DMonth_6 11472.0 9057.83 1.267 0.2086 DMonth_7 25100.3 9414.18 2.666 0.0091 *** DMonth_8 89124.5 9057.83 9.839 5.53e-16 *** DMonth_9 −5723.43 9057.83 −0.6319 0.5291 DMonth_10 2123.96 9057.83 0.2345 0.8151 DMonth_11 36554.2 9057.83 4.036 0.0001 *** DMonth_12 116051 9057.83 12.81 4.38e-22 *** quelfeb 47773.4 15096.4 3.165 0.0021 *** blitz_plac 3044.88 20525.0 0.1484 0.8824
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19095.59 R-squared 0.853397 Adjusted R-squared 0.830842 F(14, 91) 37.83730 P-value(F) 8.68e-32 Log-likelihood −1187.185 Akaike criterion 2404.371 Schwarz criterion 2444.322 Hannan-Quinn 2420.563 rho 0.000646 Durbin-Watson 1.978260
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 20
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 36: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2738.42 6312.52 0.4338 0.6655 MI 37717.8 3725.23 10.12 1.40e-16 *** DMonth_2 1111.52 9047.19 0.1229 0.9025 DMonth_3 35307.4 8529.78 4.139 7.77e-05 *** DMonth_4 11731.7 8529.78 1.375 0.1724 DMonth_5 85563.7 8529.78 10.03 2.20e-16 *** DMonth_6 11472.0 9047.19 1.268 0.2080 DMonth_7 25480.9 9047.19 2.816 0.0060 *** DMonth_8 90369.9 9403.12 9.611 1.66e-15 *** DMonth_9 −5723.43 9047.19 −0.6326 0.5286 DMonth_10 2123.96 9047.19 0.2348 0.8149 DMonth_11 36554.2 9047.19 4.040 0.0001 *** DMonth_12 116051 9047.19 12.83 4.09e-22 *** quelfeb 47773.4 15078.7 3.168 0.0021 *** blitz_plac −9963.61 20500.9 −0.4860 0.6281
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.31e+10 S.E. of regression 19073.16 R-squared 0.853741 Adjusted R-squared 0.831239 F(14, 91) 37.94163 P-value(F) 7.82e-32 Log-likelihood −1187.061 Akaike criterion 2404.121 Schwarz criterion 2444.073 Hannan-Quinn 2420.314 rho −0.001126 Durbin-Watson 1.981493
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 21
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 37: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2691.54 6302.30 0.4271 0.6703 MI 37811.6 3719.20 10.17 1.15e-16 *** DMonth_2 1111.52 9032.55 0.1231 0.9023 DMonth_3 35307.4 8515.97 4.146 7.58e-05 *** DMonth_4 11731.7 8515.97 1.378 0.1717 DMonth_5 85563.7 8515.97 10.05 2.03e-16 *** DMonth_6 11472.0 9032.55 1.270 0.2073 DMonth_7 25480.9 9032.55 2.821 0.0059 *** DMonth_8 89124.5 9032.55 9.867 4.84e-16 *** DMonth_9 −3856.79 9387.90 −0.4108 0.6822 DMonth_10 2123.96 9032.55 0.2351 0.8146 DMonth_11 36554.2 9032.55 4.047 0.0001 *** DMonth_12 116051 9032.55 12.85 3.71e-22 *** quelfeb 47773.4 15054.2 3.173 0.0021 *** blitz_plac −14933.1 20467.7 −0.7296 0.4675
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.30e+10 S.E. of regression 19042.28 R-squared 0.854214 Adjusted R-squared 0.831785 F(14, 91) 38.08587 P-value(F) 6.77e-32 Log-likelihood −1186.889 Akaike criterion 2403.778 Schwarz criterion 2443.730 Hannan-Quinn 2419.971 rho −0.004485 Durbin-Watson 1.987939
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 22
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 38: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2774.09 6317.55 0.4391 0.6616 MI 37646.5 3728.21 10.10 1.60e-16 *** DMonth_2 1111.52 9054.41 0.1228 0.9026 DMonth_3 35307.4 8536.58 4.136 7.86e-05 *** DMonth_4 11731.7 8536.58 1.374 0.1727 DMonth_5 85563.7 8536.58 10.02 2.28e-16 *** DMonth_6 11472.0 9054.41 1.267 0.2084 DMonth_7 25480.9 9054.41 2.814 0.0060 *** DMonth_8 89124.5 9054.41 9.843 5.43e-16 *** DMonth_9 −5723.43 9054.41 −0.6321 0.5289 DMonth_10 2896.81 9410.62 0.3078 0.7589 DMonth_11 36554.2 9054.41 4.037 0.0001 *** DMonth_12 116051 9054.41 12.82 4.28e-22 *** quelfeb 47773.4 15090.7 3.166 0.0021 *** blitz_plac −6182.84 20517.2 −0.3013 0.7638
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19088.38 R-squared 0.853507 Adjusted R-squared 0.830970 F(14, 91) 37.87081 P-value(F) 8.39e-32 Log-likelihood −1187.145 Akaike criterion 2404.291 Schwarz criterion 2444.242 Hannan-Quinn 2420.483 rho 0.001391 Durbin-Watson 1.976645
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 23
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 39: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2934.08 6311.13 0.4649 0.6431 MI 37326.5 3724.41 10.02 2.29e-16 *** DMonth_2 1111.52 9045.20 0.1229 0.9025 DMonth_3 35307.4 8527.90 4.140 7.74e-05 *** DMonth_4 11731.7 8527.90 1.376 0.1723 DMonth_5 85563.7 8527.90 10.03 2.17e-16 *** DMonth_6 11472.0 9045.20 1.268 0.2079 DMonth_7 25480.9 9045.20 2.817 0.0059 *** DMonth_8 89124.5 9045.20 9.853 5.17e-16 *** DMonth_9 −5723.43 9045.20 −0.6328 0.5285 DMonth_10 2123.96 9045.20 0.2348 0.8149 DMonth_11 35207.3 9401.05 3.745 0.0003 *** DMonth_12 116051 9045.20 12.83 4.03e-22 *** quelfeb 47773.4 15075.3 3.169 0.0021 *** blitz_plac 10775.8 20496.4 0.5257 0.6003
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.31e+10 S.E. of regression 19068.96 R-squared 0.853805 Adjusted R-squared 0.831314 F(14, 91) 37.96122 P-value(F) 7.66e-32 Log-likelihood −1187.037 Akaike criterion 2404.075 Schwarz criterion 2444.026 Hannan-Quinn 2420.267 rho −0.004880 Durbin-Watson 1.989162
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 24
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 40: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 3122.76 6242.15 0.5003 0.6181 MI 36949.1 3683.71 10.03 2.21e-16 *** DMonth_2 1111.52 8946.35 0.1242 0.9014 DMonth_3 35307.4 8434.70 4.186 6.54e-05 *** DMonth_4 11731.7 8434.70 1.391 0.1677 DMonth_5 85563.7 8434.70 10.14 1.28e-16 *** DMonth_6 11472.0 8946.35 1.282 0.2030 DMonth_7 25480.9 8946.35 2.848 0.0054 *** DMonth_8 89124.5 8946.35 9.962 3.06e-16 *** DMonth_9 −5723.43 8946.35 −0.6397 0.5239 DMonth_10 2123.96 8946.35 0.2374 0.8129 DMonth_11 36554.2 8946.35 4.086 9.44e-05 *** DMonth_12 112204 9298.31 12.07 1.38e-20 *** quelfeb 47773.4 14910.6 3.204 0.0019 *** blitz_plac 30776.1 20272.4 1.518 0.1324
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.24e+10 S.E. of regression 18860.55 R-squared 0.856983 Adjusted R-squared 0.834981 F(14, 91) 38.94922 P-value(F) 2.88e-32 Log-likelihood −1185.873 Akaike criterion 2401.745 Schwarz criterion 2441.697 Hannan-Quinn 2417.938 rho −0.005387 Durbin-Watson 1.990000
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 25
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 41: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ----------------------------------------------------------- const 2991.53 6577.95 0.4548 0.6503 MI 37562.9 3729.35 10.07 1.80e-16 *** DMonth_2 935.840 9281.84 0.1008 0.9199 DMonth_3 35131.7 8776.96 4.003 0.0001 *** DMonth_4 11556.0 8776.96 1.317 0.1913 DMonth_5 85388.0 8776.96 9.729 9.42e-16 *** DMonth_6 11296.3 9281.84 1.217 0.2267 DMonth_7 25305.2 9281.84 2.726 0.0077 *** DMonth_8 88948.8 9281.84 9.583 1.90e-15 *** DMonth_9 −5899.11 9281.84 −0.6356 0.5267 DMonth_10 1948.28 9281.84 0.2099 0.8342 DMonth_11 36378.6 9281.84 3.919 0.0002 *** DMonth_12 115875 9281.84 12.48 1.99e-21 *** quelfeb 47773.4 15097.6 3.164 0.0021 *** blitz_plac −1756.84 20236.5 −0.08682 0.9310
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19097.11 R-squared 0.853373 Adjusted R-squared 0.830815 F(14, 91) 37.83025 P-value(F) 8.74e-32 Log-likelihood −1187.194 Akaike criterion 2404.387 Schwarz criterion 2444.339 Hannan-Quinn 2420.580 rho 0.002651 Durbin-Watson 1.974256
Excluding the constant, p-value was highest for variable 49 (blitz_plac)
loop: b = 26
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 42: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2650.06 6289.83 0.4213 0.6745 MI 37894.5 3711.85 10.21 9.34e-17 *** DMonth_2 3527.80 9369.33 0.3765 0.7074 DMonth_3 35307.4 8499.12 4.154 7.36e-05 *** DMonth_4 11731.7 8499.12 1.380 0.1709 DMonth_5 85563.7 8499.12 10.07 1.85e-16 *** DMonth_6 11472.0 9014.68 1.273 0.2064 DMonth_7 25480.9 9014.68 2.827 0.0058 *** DMonth_8 89124.5 9014.68 9.887 4.41e-16 *** DMonth_9 −5723.43 9014.68 −0.6349 0.5271 DMonth_10 2123.96 9014.68 0.2356 0.8143 DMonth_11 36554.2 9014.68 4.055 0.0001 *** DMonth_12 116051 9014.68 12.87 3.30e-22 *** quelfeb 45357.1 15239.9 2.976 0.0037 *** blitz_plac −19330.2 20427.2 −0.9463 0.3465
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.29e+10 S.E. of regression 19004.62 R-squared 0.854790 Adjusted R-squared 0.832450 F(14, 91) 38.26277 P-value(F) 5.67e-32 Log-likelihood −1186.679 Akaike criterion 2403.358 Schwarz criterion 2443.310 Hannan-Quinn 2419.551 rho −0.012674 Durbin-Watson 2.003849
Excluding the constant, p-value was highest for variable 36 (DMonth_10)
loop: b = 27
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 43: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2579.19 6259.23 0.4121 0.6813 MI 38036.3 3693.27 10.30 6.07e-17 *** DMonth_2 1111.52 8970.93 0.1239 0.9017 DMonth_3 37991.6 8692.06 4.371 3.28e-05 *** DMonth_4 11731.7 8457.88 1.387 0.1688 DMonth_5 85563.7 8457.88 10.12 1.46e-16 *** DMonth_6 11472.0 8970.93 1.279 0.2042 DMonth_7 25480.9 8970.93 2.840 0.0056 *** DMonth_8 89124.5 8970.93 9.935 3.49e-16 *** DMonth_9 −5723.43 8970.93 −0.6380 0.5251 DMonth_10 2123.96 8970.93 0.2368 0.8134 DMonth_11 36554.2 8970.93 4.075 9.83e-05 *** DMonth_12 116051 8970.93 12.94 2.48e-22 *** quelfeb 47773.4 14951.6 3.195 0.0019 *** blitz_plac −26842.5 20040.7 −1.339 0.1838
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.25e+10 S.E. of regression 18912.39 R-squared 0.856196 Adjusted R-squared 0.834072 F(14, 91) 38.70044 P-value(F) 3.68e-32 Log-likelihood −1186.163 Akaike criterion 2402.327 Schwarz criterion 2442.278 Hannan-Quinn 2418.519 rho −0.024395 Durbin-Watson 2.026503
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 28
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 44: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2680.40 6298.57 0.4256 0.6714 MI 37833.8 3716.49 10.18 1.07e-16 *** DMonth_2 1111.52 9027.32 0.1231 0.9023 DMonth_3 35307.4 8511.04 4.148 7.51e-05 *** DMonth_4 13343.0 8746.70 1.525 0.1306 DMonth_5 85563.7 8511.04 10.05 1.98e-16 *** DMonth_6 11472.0 9027.32 1.271 0.2070 DMonth_7 25480.9 9027.32 2.823 0.0058 *** DMonth_8 89124.5 9027.32 9.873 4.71e-16 *** DMonth_9 −5723.43 9027.32 −0.6340 0.5277 DMonth_10 2123.96 9027.32 0.2353 0.8145 DMonth_11 36554.2 9027.32 4.049 0.0001 *** DMonth_12 116051 9027.32 12.86 3.59e-22 *** quelfeb 47773.4 15045.5 3.175 0.0020 *** blitz_plac −16113.5 20166.7 −0.7990 0.4264
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.30e+10 S.E. of regression 19031.26 R-squared 0.854383 Adjusted R-squared 0.831980 F(14, 91) 38.13756 P-value(F) 6.43e-32 Log-likelihood −1186.828 Akaike criterion 2403.655 Schwarz criterion 2443.607 Hannan-Quinn 2419.848 rho −0.007474 Durbin-Watson 1.993758
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 29
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 45: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2885.48 6317.94 0.4567 0.6490 MI 37423.7 3727.92 10.04 2.12e-16 *** DMonth_2 1111.52 9055.08 0.1228 0.9026 DMonth_3 35307.4 8537.21 4.136 7.87e-05 *** DMonth_4 11731.7 8537.21 1.374 0.1728 DMonth_5 85001.2 8773.60 9.688 1.14e-15 *** DMonth_6 11472.0 9055.08 1.267 0.2084 DMonth_7 25480.9 9055.08 2.814 0.0060 *** DMonth_8 89124.5 9055.08 9.842 5.45e-16 *** DMonth_9 −5723.43 9055.08 −0.6321 0.5289 DMonth_10 2123.96 9055.08 0.2346 0.8151 DMonth_11 36554.2 9055.08 4.037 0.0001 *** DMonth_12 116051 9055.08 12.82 4.30e-22 *** quelfeb 47773.4 15091.8 3.166 0.0021 *** blitz_plac 5624.51 20228.7 0.2780 0.7816
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19089.79 R-squared 0.853486 Adjusted R-squared 0.830945 F(14, 91) 37.86424 P-value(F) 8.45e-32 Log-likelihood −1187.153 Akaike criterion 2404.306 Schwarz criterion 2444.258 Hannan-Quinn 2420.499 rho 0.008986 Durbin-Watson 1.962955
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 30
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 46: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2558.27 6250.72 0.4093 0.6833 MI 38078.1 3688.76 10.32 5.41e-17 *** DMonth_2 1111.52 8958.62 0.1241 0.9015 DMonth_3 35307.4 8446.27 4.180 6.68e-05 *** DMonth_4 11731.7 8446.27 1.389 0.1682 DMonth_5 85563.7 8446.27 10.13 1.36e-16 *** DMonth_6 15104.5 9311.06 1.622 0.1082 DMonth_7 25480.9 8958.62 2.844 0.0055 *** DMonth_8 89124.5 8958.62 9.948 3.27e-16 *** DMonth_9 −5723.43 8958.62 −0.6389 0.5245 DMonth_10 2123.96 8958.62 0.2371 0.8131 DMonth_11 36554.2 8958.62 4.080 9.63e-05 *** DMonth_12 116051 8958.62 12.95 2.28e-22 *** quelfeb 47773.4 14931.0 3.200 0.0019 *** blitz_plac −29060.0 20300.2 −1.432 0.1557
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.25e+10 S.E. of regression 18886.43 R-squared 0.856591 Adjusted R-squared 0.834528 F(14, 91) 38.82477 P-value(F) 3.26e-32 Log-likelihood −1186.018 Akaike criterion 2402.036 Schwarz criterion 2441.987 Hannan-Quinn 2418.228 rho −0.000946 Durbin-Watson 1.980426
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 31
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 47: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2789.25 6318.98 0.4414 0.6600 MI 37616.1 3729.05 10.09 1.68e-16 *** DMonth_2 1111.52 9056.46 0.1227 0.9026 DMonth_3 35307.4 8538.51 4.135 7.89e-05 *** DMonth_4 11731.7 8538.51 1.374 0.1728 DMonth_5 85563.7 8538.51 10.02 2.31e-16 *** DMonth_6 11472.0 9056.46 1.267 0.2085 DMonth_7 26052.9 9412.75 2.768 0.0068 *** DMonth_8 89124.5 9056.46 9.841 5.49e-16 *** DMonth_9 −5723.43 9056.46 −0.6320 0.5290 DMonth_10 2123.96 9056.46 0.2345 0.8151 DMonth_11 36554.2 9056.46 4.036 0.0001 *** DMonth_12 116051 9056.46 12.81 4.34e-22 *** quelfeb 47773.4 15094.1 3.165 0.0021 *** blitz_plac −4575.42 20521.9 −0.2230 0.8241
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19092.68 R-squared 0.853441 Adjusted R-squared 0.830894 F(14, 91) 37.85079 P-value(F) 8.56e-32 Log-likelihood −1187.169 Akaike criterion 2404.338 Schwarz criterion 2444.290 Hannan-Quinn 2420.531 rho −0.003156 Durbin-Watson 1.985600
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 32
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 48: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2699.81 6304.40 0.4282 0.6695 MI 37795.0 3720.44 10.16 1.19e-16 *** DMonth_2 1111.52 9035.56 0.1230 0.9024 DMonth_3 35307.4 8518.81 4.145 7.62e-05 *** DMonth_4 11731.7 8518.81 1.377 0.1718 DMonth_5 85563.7 8518.81 10.04 2.06e-16 *** DMonth_6 11472.0 9035.56 1.270 0.2074 DMonth_7 25480.9 9035.56 2.820 0.0059 *** DMonth_8 90881.5 9391.03 9.677 1.21e-15 *** DMonth_9 −5723.43 9035.56 −0.6334 0.5280 DMonth_10 2123.96 9035.56 0.2351 0.8147 DMonth_11 36554.2 9035.56 4.046 0.0001 *** DMonth_12 116051 9035.56 12.84 3.79e-22 *** quelfeb 47773.4 15059.3 3.172 0.0021 *** blitz_plac −14056.3 20474.5 −0.6865 0.4941
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.30e+10 S.E. of regression 19048.63 R-squared 0.854117 Adjusted R-squared 0.831673 F(14, 91) 38.05616 P-value(F) 6.97e-32 Log-likelihood −1186.924 Akaike criterion 2403.849 Schwarz criterion 2443.800 Hannan-Quinn 2420.041 rho −0.005878 Durbin-Watson 1.990699
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 33
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 49: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2678.34 6298.68 0.4252 0.6717 MI 37838.0 3717.07 10.18 1.08e-16 *** DMonth_2 1111.52 9027.36 0.1231 0.9023 DMonth_3 35307.4 8511.08 4.148 7.51e-05 *** DMonth_4 11731.7 8511.08 1.378 0.1715 DMonth_5 85563.7 8511.08 10.05 1.98e-16 *** DMonth_6 11472.0 9027.36 1.271 0.2070 DMonth_7 25480.9 9027.36 2.823 0.0058 *** DMonth_8 89124.5 9027.36 9.873 4.71e-16 *** DMonth_9 −3681.86 9382.51 −0.3924 0.6957 DMonth_10 2123.96 9027.36 0.2353 0.8145 DMonth_11 36554.2 9027.36 4.049 0.0001 *** DMonth_12 116051 9027.36 12.86 3.59e-22 *** quelfeb 47773.4 15045.6 3.175 0.0020 *** blitz_plac −16332.5 20455.9 −0.7984 0.4267
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.30e+10 S.E. of regression 19031.35 R-squared 0.854381 Adjusted R-squared 0.831978 F(14, 91) 38.13710 P-value(F) 6.43e-32 Log-likelihood −1186.828 Akaike criterion 2403.656 Schwarz criterion 2443.608 Hannan-Quinn 2419.849 rho −0.007463 Durbin-Watson 1.993734
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 34
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 50: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2762.15 6316.13 0.4373 0.6629 MI 37670.3 3727.37 10.11 1.53e-16 *** DMonth_2 1111.52 9052.37 0.1228 0.9025 DMonth_3 35307.4 8534.66 4.137 7.84e-05 *** DMonth_4 11731.7 8534.66 1.375 0.1726 DMonth_5 85563.7 8534.66 10.03 2.26e-16 *** DMonth_6 11472.0 9052.37 1.267 0.2083 DMonth_7 25480.9 9052.37 2.815 0.0060 *** DMonth_8 89124.5 9052.37 9.845 5.37e-16 *** DMonth_9 −5723.43 9052.37 −0.6323 0.5288 DMonth_10 3055.04 9408.50 0.3247 0.7461 DMonth_11 36554.2 9052.37 4.038 0.0001 *** DMonth_12 116051 9052.37 12.82 4.23e-22 *** quelfeb 47773.4 15087.3 3.166 0.0021 *** blitz_plac −7448.65 20512.6 −0.3631 0.7174
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.31e+10 S.E. of regression 19084.08 R-squared 0.853573 Adjusted R-squared 0.831046 F(14, 91) 37.89081 P-value(F) 8.22e-32 Log-likelihood −1187.121 Akaike criterion 2404.243 Schwarz criterion 2444.194 Hannan-Quinn 2420.435 rho −0.004043 Durbin-Watson 1.987278
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 35
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 51: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2696.11 6303.48 0.4277 0.6699 MI 37802.4 3719.90 10.16 1.17e-16 *** DMonth_2 1111.52 9034.24 0.1230 0.9024 DMonth_3 35307.4 8517.56 4.145 7.60e-05 *** DMonth_4 11731.7 8517.56 1.377 0.1718 DMonth_5 85563.7 8517.56 10.05 2.05e-16 *** DMonth_6 11472.0 9034.24 1.270 0.2074 DMonth_7 25480.9 9034.24 2.820 0.0059 *** DMonth_8 89124.5 9034.24 9.865 4.88e-16 *** DMonth_9 −5723.43 9034.24 −0.6335 0.5280 DMonth_10 2123.96 9034.24 0.2351 0.8147 DMonth_11 38360.3 9389.65 4.085 9.46e-05 *** DMonth_12 116051 9034.24 12.85 3.76e-22 *** quelfeb 47773.4 15057.1 3.173 0.0021 *** blitz_plac −14448.3 20471.5 −0.7058 0.4821
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.30e+10 S.E. of regression 19045.84 R-squared 0.854159 Adjusted R-squared 0.831722 F(14, 91) 38.06921 P-value(F) 6.88e-32 Log-likelihood −1186.909 Akaike criterion 2403.818 Schwarz criterion 2443.769 Hannan-Quinn 2420.010 rho 0.011255 Durbin-Watson 1.957075
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 36
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 52: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 3129.48 6238.45 0.5016 0.6171 MI 36935.7 3681.52 10.03 2.18e-16 *** DMonth_2 1111.52 8941.04 0.1243 0.9013 DMonth_3 35307.4 8429.69 4.188 6.48e-05 *** DMonth_4 11731.7 8429.69 1.392 0.1674 DMonth_5 85563.7 8429.69 10.15 1.24e-16 *** DMonth_6 11472.0 8941.04 1.283 0.2027 DMonth_7 25480.9 8941.04 2.850 0.0054 *** DMonth_8 89124.5 8941.04 9.968 2.98e-16 *** DMonth_9 −5723.43 8941.04 −0.6401 0.5237 DMonth_10 2123.96 8941.04 0.2376 0.8128 DMonth_11 36554.2 8941.04 4.088 9.36e-05 *** DMonth_12 112115 9292.79 12.06 1.40e-20 *** quelfeb 47773.4 14901.7 3.206 0.0019 *** blitz_plac 31488.6 20260.3 1.554 0.1236
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.23e+10 S.E. of regression 18849.36 R-squared 0.857153 Adjusted R-squared 0.835176 F(14, 91) 39.00320 P-value(F) 2.73e-32 Log-likelihood −1185.810 Akaike criterion 2401.619 Schwarz criterion 2441.571 Hannan-Quinn 2417.812 rho 0.021666 Durbin-Watson 1.936914
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 37
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 53: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ----------------------------------------------------------- const 3561.37 6572.50 0.5419 0.5892 MI 37681.7 3726.26 10.11 1.49e-16 *** DMonth_2 306.635 9274.15 0.03306 0.9737 DMonth_3 34502.5 8769.69 3.934 0.0002 *** DMonth_4 10926.8 8769.69 1.246 0.2160 DMonth_5 84758.8 8769.69 9.665 1.28e-15 *** DMonth_6 10667.1 9274.15 1.150 0.2531 DMonth_7 24676.0 9274.15 2.661 0.0092 *** DMonth_8 88319.6 9274.15 9.523 2.54e-15 *** DMonth_9 −6528.31 9274.15 −0.7039 0.4833 DMonth_10 1319.07 9274.15 0.1422 0.8872 DMonth_11 35749.4 9274.15 3.855 0.0002 *** DMonth_12 115246 9274.15 12.43 2.60e-21 *** quelfeb 47773.4 15085.1 3.167 0.0021 *** blitz_plac −8048.89 20219.7 −0.3981 0.6915
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.31e+10 S.E. of regression 19081.29 R-squared 0.853616 Adjusted R-squared 0.831095 F(14, 91) 37.90376 P-value(F) 8.12e-32 Log-likelihood −1187.106 Akaike criterion 2404.212 Schwarz criterion 2444.163 Hannan-Quinn 2420.404 rho 0.020158 Durbin-Watson 1.939743
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 38
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 54: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ----------------------------------------------------------- const 3714.18 5900.65 0.6295 0.5306 MI 35766.3 3495.24 10.23 8.34e-17 *** DMonth_2 1111.52 8453.86 0.1315 0.8957 DMonth_3 35307.4 7970.38 4.430 2.62e-05 *** DMonth_4 11731.7 7970.38 1.472 0.1445 DMonth_5 85563.7 7970.38 10.74 7.52e-18 *** DMonth_6 11472.0 8453.86 1.357 0.1781 DMonth_7 25480.9 8453.86 3.014 0.0033 *** DMonth_8 89124.5 8453.86 10.54 1.89e-17 *** DMonth_9 −5723.43 8453.86 −0.6770 0.5001 DMonth_10 2123.96 8453.86 0.2512 0.8022 DMonth_11 36554.2 8453.86 4.324 3.91e-05 *** DMonth_12 116051 8453.86 13.73 6.83e-24 *** quelfeb 1039.74 18984.0 0.05477 0.9564 blitz_plac 93467.3 25445.7 3.673 0.0004 ***
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 2.89e+10 S.E. of regression 17822.31 R-squared 0.872296 Adjusted R-squared 0.852649 F(14, 91) 44.39879 P-value(F) 1.85e-34 Log-likelihood −1179.871 Akaike criterion 2389.741 Schwarz criterion 2429.693 Hannan-Quinn 2405.934 rho 0.008251 Durbin-Watson 1.961792
Excluding the constant, p-value was highest for variable 27 (quelfeb)
loop: b = 39
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 55: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2932.86 6311.00 0.4647 0.6432 MI 37328.9 3723.83 10.02 2.27e-16 *** DMonth_2 1111.52 9045.14 0.1229 0.9025 DMonth_3 34242.6 8763.96 3.907 0.0002 *** DMonth_4 11731.7 8527.84 1.376 0.1723 DMonth_5 85563.7 8527.84 10.03 2.17e-16 *** DMonth_6 11472.0 9045.14 1.268 0.2079 DMonth_7 25480.9 9045.14 2.817 0.0059 *** DMonth_8 89124.5 9045.14 9.853 5.17e-16 *** DMonth_9 −5723.43 9045.14 −0.6328 0.5285 DMonth_10 2123.96 9045.14 0.2348 0.8149 DMonth_11 36554.2 9045.14 4.041 0.0001 *** DMonth_12 116051 9045.14 12.83 4.03e-22 *** quelfeb 47773.4 15075.2 3.169 0.0021 *** blitz_plac 10647.4 20206.5 0.5269 0.5995
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.31e+10 S.E. of regression 19068.83 R-squared 0.853807 Adjusted R-squared 0.831316 F(14, 91) 37.96182 P-value(F) 7.66e-32 Log-likelihood −1187.037 Akaike criterion 2404.073 Schwarz criterion 2444.025 Hannan-Quinn 2420.266 rho −0.013799 Durbin-Watson 2.006663
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 40
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 56: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2863.02 6319.73 0.4530 0.6516 MI 37468.6 3728.98 10.05 2.03e-16 *** DMonth_2 1111.52 9057.65 0.1227 0.9026 DMonth_3 35307.4 8539.63 4.135 7.91e-05 *** DMonth_4 11407.2 8776.08 1.300 0.1969 DMonth_5 85563.7 8539.63 10.02 2.32e-16 *** DMonth_6 11472.0 9057.65 1.267 0.2085 DMonth_7 25480.9 9057.65 2.813 0.0060 *** DMonth_8 89124.5 9057.65 9.840 5.52e-16 *** DMonth_9 −5723.43 9057.65 −0.6319 0.5290 DMonth_10 2123.96 9057.65 0.2345 0.8151 DMonth_11 36554.2 9057.65 4.036 0.0001 *** DMonth_12 116051 9057.65 12.81 4.37e-22 *** quelfeb 47773.4 15096.1 3.165 0.0021 *** blitz_plac 3244.26 20234.4 0.1603 0.8730
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19095.20 R-squared 0.853403 Adjusted R-squared 0.830849 F(14, 91) 37.83910 P-value(F) 8.66e-32 Log-likelihood −1187.183 Akaike criterion 2404.366 Schwarz criterion 2444.318 Hannan-Quinn 2420.559 rho −0.000664 Durbin-Watson 1.980835
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 41
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 57: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 3031.49 6282.75 0.4825 0.6306 MI 37131.6 3707.15 10.02 2.36e-16 *** DMonth_2 1111.52 9004.65 0.1234 0.9020 DMonth_3 35307.4 8489.66 4.159 7.23e-05 *** DMonth_4 11731.7 8489.66 1.382 0.1704 DMonth_5 83453.5 8724.73 9.565 2.07e-15 *** DMonth_6 11472.0 9004.65 1.274 0.2059 DMonth_7 25480.9 9004.65 2.830 0.0057 *** DMonth_8 89124.5 9004.65 9.898 4.18e-16 *** DMonth_9 −5723.43 9004.65 −0.6356 0.5266 DMonth_10 2123.96 9004.65 0.2359 0.8141 DMonth_11 36554.2 9004.65 4.059 0.0001 *** DMonth_12 116051 9004.65 12.89 3.09e-22 *** quelfeb 47773.4 15007.7 3.183 0.0020 *** blitz_plac 21102.2 20116.0 1.049 0.2969
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.28e+10 S.E. of regression 18983.46 R-squared 0.855113 Adjusted R-squared 0.832823 F(14, 91) 38.36261 P-value(F) 5.14e-32 Log-likelihood −1186.561 Akaike criterion 2403.122 Schwarz criterion 2443.074 Hannan-Quinn 2419.315 rho 0.004412 Durbin-Watson 1.974656
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 42
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 58: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2763.68 6316.33 0.4375 0.6628 MI 37667.3 3727.48 10.11 1.54e-16 *** DMonth_2 1111.52 9052.66 0.1228 0.9025 DMonth_3 35307.4 8534.93 4.137 7.84e-05 *** DMonth_4 11731.7 8534.93 1.375 0.1726 DMonth_5 85563.7 8534.93 10.03 2.26e-16 *** DMonth_6 12382.7 9408.80 1.316 0.1915 DMonth_7 25480.9 9052.66 2.815 0.0060 *** DMonth_8 89124.5 9052.66 9.845 5.38e-16 *** DMonth_9 −5723.43 9052.66 −0.6322 0.5288 DMonth_10 2123.96 9052.66 0.2346 0.8150 DMonth_11 36554.2 9052.66 4.038 0.0001 *** DMonth_12 116051 9052.66 12.82 4.23e-22 *** quelfeb 47773.4 15087.8 3.166 0.0021 *** blitz_plac −7285.69 20513.3 −0.3552 0.7233
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.31e+10 S.E. of regression 19084.67 R-squared 0.853564 Adjusted R-squared 0.831036 F(14, 91) 37.88802 P-value(F) 8.25e-32 Log-likelihood −1187.125 Akaike criterion 2404.249 Schwarz criterion 2444.201 Hannan-Quinn 2420.442 rho 0.002552 Durbin-Watson 1.974342
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 43
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 59: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2694.40 6303.04 0.4275 0.6700 MI 37805.8 3719.64 10.16 1.16e-16 *** DMonth_2 1111.52 9033.61 0.1230 0.9023 DMonth_3 35307.4 8516.97 4.146 7.59e-05 *** DMonth_4 11731.7 8516.97 1.377 0.1718 DMonth_5 85563.7 8516.97 10.05 2.04e-16 *** DMonth_6 11472.0 9033.61 1.270 0.2074 DMonth_7 27309.7 9389.00 2.909 0.0046 *** DMonth_8 89124.5 9033.61 9.866 4.87e-16 *** DMonth_9 −5723.43 9033.61 −0.6336 0.5280 DMonth_10 2123.96 9033.61 0.2351 0.8146 DMonth_11 36554.2 9033.61 4.046 0.0001 *** DMonth_12 116051 9033.61 12.85 3.74e-22 *** quelfeb 47773.4 15056.0 3.173 0.0021 *** blitz_plac −14629.9 20470.1 −0.7147 0.4766
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.30e+10 S.E. of regression 19044.52 R-squared 0.854180 Adjusted R-squared 0.831746 F(14, 91) 38.07539 P-value(F) 6.84e-32 Log-likelihood −1186.901 Akaike criterion 2403.803 Schwarz criterion 2443.755 Hannan-Quinn 2419.996 rho −0.016867 Durbin-Watson 2.012237
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 44
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 60: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2446.91 6181.55 0.3958 0.6931 MI 38300.8 3647.95 10.50 2.32e-17 *** DMonth_2 1111.52 8859.49 0.1255 0.9004 DMonth_3 35307.4 8352.81 4.227 5.62e-05 *** DMonth_4 11731.7 8352.81 1.405 0.1636 DMonth_5 85563.7 8352.81 10.24 7.91e-17 *** DMonth_6 11472.0 8859.49 1.295 0.1986 DMonth_7 25480.9 8859.49 2.876 0.0050 *** DMonth_8 94232.4 9208.03 10.23 8.30e-17 *** DMonth_9 −5723.43 8859.49 −0.6460 0.5199 DMonth_10 2123.96 8859.49 0.2397 0.8111 DMonth_11 36554.2 8859.49 4.126 8.16e-05 *** DMonth_12 116051 8859.49 13.10 1.18e-22 *** quelfeb 47773.4 14765.8 3.235 0.0017 *** blitz_plac −40863.3 20075.5 −2.035 0.0447 **
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.17e+10 S.E. of regression 18677.44 R-squared 0.859747 Adjusted R-squared 0.838169 F(14, 91) 39.84474 P-value(F) 1.21e-32 Log-likelihood −1184.838 Akaike criterion 2399.677 Schwarz criterion 2439.628 Hannan-Quinn 2415.869 rho −0.040436 Durbin-Watson 2.057134
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 45
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 61: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2623.45 6280.14 0.4177 0.6771 MI 37947.7 3706.13 10.24 8.09e-17 *** DMonth_2 1111.52 9000.79 0.1235 0.9020 DMonth_3 35307.4 8486.02 4.161 7.18e-05 *** DMonth_4 11731.7 8486.02 1.382 0.1702 DMonth_5 85563.7 8486.02 10.08 1.71e-16 *** DMonth_6 11472.0 9000.79 1.275 0.2057 DMonth_7 25480.9 9000.79 2.831 0.0057 *** DMonth_8 89124.5 9000.79 9.902 4.09e-16 *** DMonth_9 −2954.65 9354.89 −0.3158 0.7528 DMonth_10 2123.96 9000.79 0.2360 0.8140 DMonth_11 36554.2 9000.79 4.061 0.0001 *** DMonth_12 116051 9000.79 12.89 3.02e-22 *** quelfeb 47773.4 15001.3 3.185 0.0020 *** blitz_plac −22150.2 20395.7 −1.086 0.2803
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.28e+10 S.E. of regression 18975.32 R-squared 0.855237 Adjusted R-squared 0.832966 F(14, 91) 38.40109 P-value(F) 4.95e-32 Log-likelihood −1186.516 Akaike criterion 2403.031 Schwarz criterion 2442.983 Hannan-Quinn 2419.224 rho −0.025582 Durbin-Watson 2.029054
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 46
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 62: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2784.34 6318.56 0.4407 0.6605 MI 37626.0 3728.80 10.09 1.65e-16 *** DMonth_2 1111.52 9055.86 0.1227 0.9026 DMonth_3 35307.4 8537.95 4.135 7.88e-05 *** DMonth_4 11731.7 8537.95 1.374 0.1728 DMonth_5 85563.7 8537.95 10.02 2.30e-16 *** DMonth_6 11472.0 9055.86 1.267 0.2085 DMonth_7 25480.9 9055.86 2.814 0.0060 *** DMonth_8 89124.5 9055.86 9.842 5.47e-16 *** DMonth_9 −5723.43 9055.86 −0.6320 0.5290 DMonth_10 2760.99 9412.13 0.2933 0.7699 DMonth_11 36554.2 9055.86 4.037 0.0001 *** DMonth_12 116051 9055.86 12.82 4.32e-22 *** quelfeb 47773.4 15093.1 3.165 0.0021 *** blitz_plac −5096.25 20520.5 −0.2483 0.8044
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19091.43 R-squared 0.853460 Adjusted R-squared 0.830916 F(14, 91) 37.85662 P-value(F) 8.51e-32 Log-likelihood −1187.162 Akaike criterion 2404.324 Schwarz criterion 2444.276 Hannan-Quinn 2420.517 rho −0.005234 Durbin-Watson 1.989667
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 47
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 63: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2531.99 6236.56 0.4060 0.6857 MI 38130.7 3680.41 10.36 4.52e-17 *** DMonth_2 1111.52 8938.33 0.1244 0.9013 DMonth_3 35307.4 8427.14 4.190 6.45e-05 *** DMonth_4 11731.7 8427.14 1.392 0.1673 DMonth_5 85563.7 8427.14 10.15 1.22e-16 *** DMonth_6 11472.0 8938.33 1.283 0.2026 DMonth_7 25480.9 8938.33 2.851 0.0054 *** DMonth_8 89124.5 8938.33 9.971 2.93e-16 *** DMonth_9 −5723.43 8938.33 −0.6403 0.5236 DMonth_10 2123.96 8938.33 0.2376 0.8127 DMonth_11 40535.0 9289.97 4.363 3.37e-05 *** DMonth_12 116051 8938.33 12.98 2.00e-22 *** quelfeb 47773.4 14897.2 3.207 0.0019 *** blitz_plac −31845.8 20254.2 −1.572 0.1194
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.23e+10 S.E. of regression 18843.65 R-squared 0.857239 Adjusted R-squared 0.835276 F(14, 91) 39.03077 P-value(F) 2.66e-32 Log-likelihood −1185.778 Akaike criterion 2401.555 Schwarz criterion 2441.507 Hannan-Quinn 2417.748 rho 0.032115 Durbin-Watson 1.915464
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 48
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 64: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 3210.96 6186.59 0.5190 0.6050 MI 36772.7 3650.92 10.07 1.80e-16 *** DMonth_2 1111.52 8866.71 0.1254 0.9005 DMonth_3 35307.4 8359.61 4.224 5.69e-05 *** DMonth_4 11731.7 8359.61 1.403 0.1639 DMonth_5 85563.7 8359.61 10.24 8.24e-17 *** DMonth_6 11472.0 8866.71 1.294 0.1990 DMonth_7 25480.9 8866.71 2.874 0.0050 *** DMonth_8 89124.5 8866.71 10.05 1.99e-16 *** DMonth_9 −5723.43 8866.71 −0.6455 0.5202 DMonth_10 2123.96 8866.71 0.2395 0.8112 DMonth_11 36554.2 8866.71 4.123 8.26e-05 *** DMonth_12 111035 9215.53 12.05 1.51e-20 *** quelfeb 47773.4 14777.8 3.233 0.0017 *** blitz_plac 40125.1 20091.9 1.997 0.0488 **
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.18e+10 S.E. of regression 18692.66 R-squared 0.859518 Adjusted R-squared 0.837906 F(14, 91) 39.76931 P-value(F) 1.30e-32 Log-likelihood −1184.925 Akaike criterion 2399.849 Schwarz criterion 2439.801 Hannan-Quinn 2416.042 rho 0.039092 Durbin-Watson 1.902529
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 49
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 65: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ----------------------------------------------------------- const 2956.92 6578.06 0.4495 0.6541 MI 37555.7 3729.41 10.07 1.82e-16 *** DMonth_2 974.052 9281.99 0.1049 0.9167 DMonth_3 35169.9 8777.10 4.007 0.0001 *** DMonth_4 11594.2 8777.10 1.321 0.1898 DMonth_5 85426.2 8777.10 9.733 9.24e-16 *** DMonth_6 11334.5 9281.99 1.221 0.2252 DMonth_7 25343.5 9281.99 2.730 0.0076 *** DMonth_8 88987.0 9281.99 9.587 1.86e-15 *** DMonth_9 −5860.90 9281.99 −0.6314 0.5293 DMonth_10 1986.49 9281.99 0.2140 0.8310 DMonth_11 36416.8 9281.99 3.923 0.0002 *** DMonth_12 115913 9281.99 12.49 1.95e-21 *** quelfeb 47773.4 15097.8 3.164 0.0021 *** blitz_plac −1374.73 20236.8 −0.06793 0.9460
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19097.41 R-squared 0.853369 Adjusted R-squared 0.830810 F(14, 91) 37.82883 P-value(F) 8.75e-32 Log-likelihood −1187.195 Akaike criterion 2404.391 Schwarz criterion 2444.342 Hannan-Quinn 2420.583 rho 0.003666 Durbin-Watson 1.972272
Excluding the constant, p-value was highest for variable 49 (blitz_plac)
loop: b = 50
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 66: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ----------------------------------------------------------- const 2852.94 6320.32 0.4514 0.6528 MI 37488.7 3729.84 10.05 2.00e-16 *** DMonth_2 839.540 9414.74 0.08917 0.9291 DMonth_3 35307.4 8540.31 4.134 7.92e-05 *** DMonth_4 11731.7 8540.31 1.374 0.1729 DMonth_5 85563.7 8540.31 10.02 2.33e-16 *** DMonth_6 11472.0 9058.37 1.266 0.2086 DMonth_7 25480.9 9058.37 2.813 0.0060 *** DMonth_8 89124.5 9058.37 9.839 5.54e-16 *** DMonth_9 −5723.43 9058.37 −0.6318 0.5291 DMonth_10 2123.96 9058.37 0.2345 0.8151 DMonth_11 36554.2 9058.37 4.035 0.0001 *** DMonth_12 116051 9058.37 12.81 4.39e-22 *** quelfeb 48045.3 15313.8 3.137 0.0023 *** blitz_plac 2175.88 20526.2 0.1060 0.9158
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19096.72 R-squared 0.853379 Adjusted R-squared 0.830822 F(14, 91) 37.83205 P-value(F) 8.72e-32 Log-likelihood −1187.192 Akaike criterion 2404.383 Schwarz criterion 2444.335 Hannan-Quinn 2420.576 rho 0.003147 Durbin-Watson 1.973342
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 51
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 67: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2674.24 6296.74 0.4247 0.6721 MI 37846.2 3715.41 10.19 1.04e-16 *** DMonth_2 1111.52 9024.70 0.1232 0.9022 DMonth_3 36984.1 8744.16 4.230 5.57e-05 *** DMonth_4 11731.7 8508.56 1.379 0.1713 DMonth_5 85563.7 8508.56 10.06 1.95e-16 *** DMonth_6 11472.0 9024.70 1.271 0.2069 DMonth_7 25480.9 9024.70 2.823 0.0058 *** DMonth_8 89124.5 9024.70 9.876 4.64e-16 *** DMonth_9 −5723.43 9024.70 −0.6342 0.5275 DMonth_10 2123.96 9024.70 0.2353 0.8145 DMonth_11 36554.2 9024.70 4.050 0.0001 *** DMonth_12 116051 9024.70 12.86 3.53e-22 *** quelfeb 47773.4 15041.2 3.176 0.0020 *** blitz_plac −16767.1 20160.8 −0.8317 0.4078
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.29e+10 S.E. of regression 19025.73 R-squared 0.854467 Adjusted R-squared 0.832078 F(14, 91) 38.16349 P-value(F) 6.26e-32 Log-likelihood −1186.797 Akaike criterion 2403.594 Schwarz criterion 2443.545 Hannan-Quinn 2419.786 rho 0.002981 Durbin-Watson 1.973228
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
loop: b = 52
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 68: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ------------------------------------------------------------ const 2833.81 6320.62 0.4483 0.6550 MI 37527.0 3729.50 10.06 1.89e-16 *** DMonth_2 1111.52 9058.93 0.1227 0.9026 DMonth_3 35307.4 8540.84 4.134 7.92e-05 *** DMonth_4 11716.8 8777.32 1.335 0.1852 DMonth_5 85563.7 8540.84 10.02 2.34e-16 *** DMonth_6 11472.0 9058.93 1.266 0.2086 DMonth_7 25480.9 9058.93 2.813 0.0060 *** DMonth_8 89124.5 9058.93 9.838 5.56e-16 *** DMonth_9 −5723.43 9058.93 −0.6318 0.5291 DMonth_10 2123.96 9058.93 0.2345 0.8152 DMonth_11 36554.2 9058.93 4.035 0.0001 *** DMonth_12 116051 9058.93 12.81 4.41e-22 *** quelfeb 47773.4 15098.2 3.164 0.0021 *** blitz_plac 148.114 20237.3 0.007319 0.9942
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.32e+10 S.E. of regression 19097.89 R-squared 0.853361 Adjusted R-squared 0.830801 F(14, 91) 37.82660 P-value(F) 8.77e-32 Log-likelihood −1187.198 Akaike criterion 2404.396 Schwarz criterion 2444.348 Hannan-Quinn 2420.589 rho 0.002308 Durbin-Watson 1.974960
Excluding the constant, p-value was highest for variable 49 (blitz_plac)
loop: b = 53
? blitz_plac = const - const ? smpl MI –replace –restrict Full data set: 212 observations Current sample: 53 observations ? blitz_plac = (time == b) ? smpl Cit != 2 –replace –restrict Full data set: 212 observations Current sample: 1:01 - 3:53 (n = 159)
? ols deb_risc const MI GE DMonth_2 DMonth_3 DMonth_4 DMonth_5 DMonth_6 \
DMonth_7 DMonth_8 DMonth_9 DMonth_10 DMonth_11 DMonth_12 quelfeb \ blitz_plac
Model 69: Pooled OLS, using 106 observations Included 2 cross-sectional units Time-series length = 53 Dependent variable: deb_risc
coefficient std. error t-ratio p-value ---------------------------------------------------------- const 2580.06 6259.65 0.4122 0.6812 MI 38034.5 3693.53 10.30 6.11e-17 *** DMonth_2 1111.52 8971.54 0.1239 0.9017 DMonth_3 35307.4 8458.45 4.174 6.83e-05 *** DMonth_4 11731.7 8458.45 1.387 0.1688 DMonth_5 88238.7 8692.65 10.15 1.24e-16 *** DMonth_6 11472.0 8971.54 1.279 0.2043 DMonth_7 25480.9 8971.54 2.840 0.0056 *** DMonth_8 89124.5 8971.54 9.934 3.50e-16 *** DMonth_9 −5723.43 8971.54 −0.6380 0.5251 DMonth_10 2123.96 8971.54 0.2367 0.8134 DMonth_11 36554.2 8971.54 4.074 9.84e-05 *** DMonth_12 116051 8971.54 12.94 2.49e-22 *** quelfeb 47773.4 14952.6 3.195 0.0019 *** blitz_plac −26749.9 20042.1 −1.335 0.1853
Mean dependent var 55874.23 S.D. dependent var 46428.75 Sum squared resid 3.26e+10 S.E. of regression 18913.67 R-squared 0.856177 Adjusted R-squared 0.834050 F(14, 91) 38.69430 P-value(F) 3.70e-32 Log-likelihood −1186.171 Akaike criterion 2402.341 Schwarz criterion 2442.293 Hannan-Quinn 2418.534 rho 0.002038 Durbin-Watson 1.990962
Excluding the constant, p-value was highest for variable 28 (DMonth_2)
Number of iterations: 53