(a) FAT-PET test (Equation: t = γ0 + γ1(1/SE) + v) | |||||
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Estimator | OLS | Cluster-robust OLS | Multi-level mixed-effects RML | Cluster-robust random-effects panel GLS | Cluster-robust fixed-effects panel LSDV |
Model | [1] | [2] | [3] | [4]a | [5]b |
Intercept (FAT: H0: γ0 = 0) | − 2.8691*** (0.480) | − 2.8691*** (0.870) | − 2.7968*** (0.820) | − 2.7870*** (0.832) | − 2.7526*** (1.013) |
1/SE (PET: H0: γ1 = 0) | − 0.0721*** (0.008) | − 0.0721*** (0.015) | − 0.0721*** (0.013) | − 0.0722*** (0.013) | − 0.0737*** (0.014) |
K | 1472 | 1472 | 1472 | 1472 | 1472 |
R2 | 0.335 | 0.335 | – | 0.335 | 0.335 |
(b) PEESE approach (Equation: t =γ 0SE + γ1(1/SE) + v) | |||||
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Estimator | OLS | Cluster-robust OLS | Multi-level mixed-effects RML | Random-effects panel ML | Population-averaged panel GEE |
Model | [6] | [7] | [8] | [9] | [10] |
SE | − 35.4277*** (6.747) | − 35.4277** (14.107) | 2.2418 (7.122) | 2.2418 (10.274) | − 16.4359*** (6.397) |
1/SE (H0: γ1 = 0) | − 0.0885*** (0.006) | − 0.0885*** (0.012) | − 0.0797*** (0.012) | − 0.0797*** (0.003) | − 0.0843*** (0.012) |
K | 1472 | 1472 | 1472 | 1472 | 1472 |
R2 | 0.605 | 0.605 | – | – | – |