My panel data has cross sectional dependence, heteroskedasticity and seria correlation. I ran a command in stata to take care of such but the output dont have coefficient of determination (Rsquared) or Adjustd Rsquared.
1. Is the coefficient of all panel in GLS Panel regression model the same as coefficient of determination (Rsquared) in OLS ?
2. How do i interpret the result without Rsuared or Adjusted Rsquared?
3. Do I need to run a command to get R2 or AR2 thereafter?
R^2 is an appropriate statistic for ordinary least squares estimation. When using a different method of estimation, as you are here, R^2 is often not appropriate. Instead statistics often called "pseudo R^2" are used for the same purpose but are often more difficult to understand. Check your software manual for the statistics it uses and their interpretations. Best regards, D. Booth
@ Professor David Eugene Booth. Thank you so much. I will do as advised.
Jerry
Dear Jerry
I recently published my thesis discussing and presenting all the issues as you mentioned. I would suggest you to read once and I hope you will find it in best of your interest.
Good Luck
https://www.researchgate.net/publication/322635350_The_European_union's_technological_and_economic_growth_A_study_of_renewable_energy
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