Variables | Coefficients | 2011 | 2013 | 2014 | 2015 | 2016 | 2017 | Panel model | Relative |
---|---|---|---|---|---|---|---|---|---|
(2011-2017) | importance | ||||||||
\(I_{j,t}\) | \(\beta _1\) | 2.038 | 1.671 | 2.798 | 1.081 | 1.367 | 0.716 | 1.462 | 21.27% |
\(I_{m,t}\) | \(\beta _2\) | 2.938 | 2.719 | 2.882 | 2.974 | 2.442 | 2.828 | 2.814 | 39.82% |
\(UR_{j,t}\) | \(\beta _3\) | 0.099 | 0.677 | 0.509 | 1.126 | 0,750 | 1.141 | 0.808 | 10.15% |
\(UR_{m,t}\) | \(\beta _4\) | \(-\)0.448 | \(-\)0.192 | \(-\)0.430 | \(-\)0.580 | \(-\)0.678 | \(-\)1.814 | \(-\)1.257 | 16.34% |
\(d_{j,m}\) | \(\beta _5\) | \(-\)0.457 | \(-\)0.596 | \(-\)0.619 | \(-\)0.688 | \(-\)0.701 | \(-\)0.724 | \(-\)0.667 | 9.20% |
\(RANK_{m,t}\) | \(\beta _6\) | \(-\)0.428 | \(-\)0.386 | \(-\)0.278 | \(-\)0.138 | \(-\)0.107 | \(-\)0.095 | \(-\).241 | 3.22% |
\(R^2\) | 0.872 | 0.847 | 0.729 | 0.682 | 0.539 | 0.730 | 0.663 | 100.00% | |
\({\overline{R}}^2\) | 0.871 | 0.846 | 0.728 | 0.682 | 0.539 | 0.730 | 0.663 | 100.00% |