Dear forum fellows,

I would appreciate if you please give me your expert opinion on one of the problem I am facing.
I have 9 Independent variables, 13 countries, 25 years and unbalanced panel data.
While using LM test to decide in between OLS or Random effect model, I am getting prob-value 1.0000. How should I deal with this issue. I have also identified that both OLS and Random results are identical.

Looking for your best comments. appreciate if you please explain how I should I proceed further.

These are test results

xttest0

Breusch and Pagan Lagrangian multiplier test for random effects

bond2gdp[code,t] = Xb + u[code] + e[code,t]

Estimated results:
| Var sd = sqrt(Var)
---------+-----------------------------
bond2gdp | 7.93203 2.816386
e | 3.409645 1.846523
u | 0 0

Test: Var(u) = 0
chibar2(01) = 0.00
Prob > chibar2 = 1.0000

Thanking you