Table 4.
Panel data regression results.
| Variable | Coefficient | Std. Error | t-Statistic | Prob. |
|---|---|---|---|---|
| C | 122.4598 | 10.81618 | 11.32191 | 0.0000 |
| Ln Size | 0.014306 | 0.016976 | 0.842725 | 0.4032 |
| Leverage | −0.001029 | 0.001383 | −0.743872 | 0.4603 |
| Solvency | 4.90E-06 | 1.89E-06 | 2.599795 | 0.0121 |
| Inflation | −0.469843 | 0.028786 | −16.32165 | 0.0000 |
| Interest rate | 0.167739 | 0.034804 | 4.819494 | 0.0000 |
| PI | 0.027677 | 0.003871 | 7.150692 | 0.0000 |
| In Exchange rate | −13.12051 | 1.199408 | −10.93916 | 0.0000 |
| R-squared | 0.611134 | |||
| Prob (F-statistic) | 0.000000 | |||
The equation for the regression model is as follows:
MPI = 122.4598 + 0.014306lnSizeit – 0.001029Leverageit + 4.90E-06Solvencyit – 0.469843Inflationit + 0.167739Interestrateit + 0.027677PIit – 13.12051Exchangerateit + e.
Source: Processed Eviews 9