Table 1.

Hausman test for fixed versus random effects, baseline model (dummy lockdown), worldwide and European-only samples

Worldwide sample	European subsample
Ho: difference in coefficients not systematic	Ho: difference in coefficients not systematic
Chi2(1) = (b-B)'[(V_b-V_B)^(-1)](b-B) = 45.67	chi2(1) = (b-B)'[(V_b-V_B)^(-1)](b-B) = 60.83
Prob > chi2 = 0.0000	Prob > chi2 = 0.0000