I just need some help with the interpretation of the coefficients of panel fixed effects regression analysis as my output is shown below.
my dependent variable is log-transformed and it is ratio variable.
my main dependent variable is number of occurences annually.
Is the effect very low as you can see the coefficient value is quite low but still significant.
Code:
xtreg tearate incidents procedureslog Gov GDPpercapitalog Credittoprivate FDI i.Year
> , fe
Fixed-effects (within) regression Number of obs = 1,201
Group variable: countrynum Number of groups = 120
R-sq: Obs per group:
within = 0.3002 min = 2
between = 0.5829 avg = 10.0
overall = 0.5590 max = 13
F(18,1063) = 25.33
corr(u_i, Xb) = -0.5552 Prob > F = 0.0000
---------------------------------------------------------------------------------
tearate | Coef. Std. Err. t P>|t| [95% Conf. Interval]
----------------+----------------------------------------------------------------
incidents | -.0003739 .0000709 -5.27 0.000 -.0005131 -.0002348
procedureslog | -.1283264 .0531598 -2.41 0.016 -.2326366 -.0240163
Gov | .450314 .1148559 3.92 0.000 .2249441 .675684
GDPpercapitalog | .7937656 .155046 5.12 0.000 .4895346 1.097997
Credittoprivate | .2573968 .0479212 5.37 0.000 .1633658 .3514278
FDI | .0084924 .0029515 2.88 0.004 .0027009 .0142839
|
Year |
2007 | .0667414 .0512528 1.30 0.193 -.0338269 .1673096
2008 | .0191358 .0514024 0.37 0.710 -.0817259 .1199976
2009 | .0231675 .0540206 0.43 0.668 -.0828316 .1291666
2010 | .0155554 .0524643 0.30 0.767 -.0873899 .1185008
2011 | .0552378 .0535749 1.03 0.303 -.0498868 .1603624
2012 | .1095555 .0550582 1.99 0.047 .0015204 .2175907
2013 | .1652532 .0555919 2.97 0.003 .0561709 .2743356
2014 | .1357808 .0563733 2.41 0.016 .0251653 .2463963
2015 | .11749 .0578124 2.03 0.042 .0040506 .2309294
2016 | .1796093 .0593656 3.03 0.003 .0631223 .2960963
2017 | .2224498 .0617384 3.60 0.000 .1013068 .3435927
2018 | .2581553 .0648637 3.98 0.000 .1308798 .3854308
|
_cons | -7.593333 1.329511 -5.71 0.000 -10.2021 -4.984569
----------------+----------------------------------------------------------------
sigma_u | 1.1740312
sigma_e | .31061184
rho | .93458244 (fraction of variance due to u_i)
---------------------------------------------------------------------------------
F test that all u_i=0: F(119, 1063) = 87.33 Prob > F = 0.0000
0 Response to Interpretation of coefficients Fixed effect reg
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