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Table 4 Fixed Effects vs Random Effects—tests results

From: An impact of economic slowdown on health. New evidence from 21 European countries

 

Breusch-Pagan test (Null hypothesis: Variance of the unit-specific error = 0)

Durbin-Wu-Hausman test (Null hypothesis: GLS estimates are consistent)

Asymptotic test statistic: Chi-square

Asymptotic test statistic: Chi-square

LE0_M (model 1)

2391.06 ***

33.0661 ***

LE65_M (model 2)

1120.84 ***

70.9523 ***

HALE0_M (model 3)

2768.23 ***

30.3985 ***

HALE65_M (model 4)

2406.02 ***

9.76034 *

LE0_F (model 5)

2391.06 ***

33.0661 ***

LE65_F (model 6)

2651.24 ***

28.0398 ***

HALE0_F (model 3)

2615.73 ***

19.3224 ***

HALE65_F (model 4)

2549.78 ***

56.1893 ***

  1. * significance level α = 0.1
  2. ** significance level α = 0.05
  3. *** significance level α = 0.01