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  • Why I get some missing values in the Hausman test results (in the right most column)?

    I have estimated fixed, random, hybrid, and correlated random effects models following Reinhard Schunck's article "Within and between estimates in random-effects models: Advantages and drawbacks of correlated random effects and hybrid models." However, when I run the Hausman test, I get some dots in the right-most column in the following result. My panel data has 50 clusters and 17 periods and is strongly balanced.

    Any advice would be appreciated.

    Code:
    . hausman fe re
    
                     ---- Coefficients ----
                 |      (b)          (B)            (b-B)     sqrt(diag(V_b-V_B))
                 |       fe           re         Difference       Std. err.
    -------------+----------------------------------------------------------------
         econfre |     .735193      .652026         .083167        .0628192
    prop_pvt_enr |    3.931047      2.89601        1.035037        .4946274
    legis_profes |    .0014851     .0059278       -.0044427        .0039628
            year |
           2006  |    .1999835     .2203892       -.0204056               .
           2007  |    .4463056     .4628292       -.0165236               .
           2008  |    .7932149     .8093098       -.0160949               .
           2009  |    1.046555     1.015324        .0312309        .0343462
           2010  |    1.046008     1.026366         .019642        .0383504
           2011  |     1.18577     1.182135        .0036346        .0263476
           2012  |    1.159966     1.185721       -.0257553         .009921
           2013  |    1.395991     1.418851       -.0228602        .0078753
           2014  |    1.181323     1.227975       -.0466517        .0100741
           2015  |    1.245597     1.284881       -.0392841               .
           2016  |    1.271927     1.304402       -.0324754               .
           2017  |    1.174128     1.205104       -.0309764               .
           2018  |    1.143925     1.176945       -.0330199               .
           2019  |    1.248591     1.269823       -.0212323               .
           2020  |    1.639967     1.681629       -.0416624               .
           2021  |    1.400029     1.435361       -.0353313               .
    ------------------------------------------------------------------------------
                              b = Consistent under H0 and Ha; obtained from xtreg.
               B = Inconsistent under Ha, efficient under H0; obtained from xtreg.
    
    Test of H0: Difference in coefficients not systematic
    
       chi2(19) = (b-B)'[(V_b-V_B)^(-1)](b-B)
                =   6.94
    Prob > chi2 = 0.9945
    (V_b-V_B is not positive definite)
    
    .
    end of do-file
    However, I do not get these dots when I run fe and re-models before the Hausman test without including the year-fixed effects. See the following results:

    Code:
    . hausman modelFE3 modelRE3
    
                     ---- Coefficients ----
                 |      (b)          (B)            (b-B)     sqrt(diag(V_b-V_B))
                 |    modelFE3     modelRE3      Difference       Std. err.
    -------------+----------------------------------------------------------------
         econfre |    .6612818     .5860479        .0752338         .038665
    prop_pvt_enr |    6.010547     4.245311        1.765236        .5620877
    legis_profes |   -.0047386     .0008039       -.0055425        .0041265
    ------------------------------------------------------------------------------
                              b = Consistent under H0 and Ha; obtained from xtreg.
               B = Inconsistent under Ha, efficient under H0; obtained from xtreg.
    
    Test of H0: Difference in coefficients not systematic
    
        chi2(3) = (b-B)'[(V_b-V_B)^(-1)](b-B)
                =  13.18
    Prob > chi2 = 0.0043
    
    .
    end of do-file
    Does anyone know why I am getting these dots? I am not sure whether the information I provide is sufficient to understand my problem. Any advice would be appreciated.

    Ijaz
    Last edited by Ijaz Ahmad; 29 May 2024, 22:56.
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