Table 6.
Regression analysis
| Seemingly unrelated regression | ||||||
|---|---|---|---|---|---|---|
| Equation | Obs | Parms | RMSE | “R-sq” | chi2 | P |
| qual_life | 266 | 13 | .2786898 | 0.1193 | 133.91 | 0.0000 |
| environment | 266 | 11 | .405998 | 0.0978 | 93.44 | 0.0000 |
| commerce | 266 | 32 | .2217602 | 0.1780 | 87.95 | 0.0000 |
| area_growth | 266 | 14 | .2425586 | 0.1130 | 33.87 | 0.0022 |
Here we estimate a system of equations where we allow the error terms to be correlated. The estimates are based on linear probability models, with heteroskedasticity robust standard errors