We regress log GDP per capita, PPP in 1995 on the average expropriation risk, 1985-1995.
OLS Regression Results
Dep. Variable: logpgp95 Model: OLS Method: Least Squares Date: Wed, 26 Sep 2018 Time: 00:43:01 No. Observations: 111 Df Residuals: 109 Df Model: 1 Covariance Type: nonrobust
R-squared: 0.611 Adj. R-squared: 0.606 F-statistic: 243.4 Prob (F-statistic): 4.16e-24 Log-Likelihood: -119.71 AIC: 243.4 BIC: 248.8
coef std err t P>|t| [0.025 0.975] const 4.6261 0.301 15.391 0.000 4.033 5.219 avexpr 0.5319 0.041 12.612 0.000 0.449 0.614
Omnibus: 9.251 Prob(Omnibus): 0.010 Skew: -0.680 Kurtosis: 3.362
Durbin-Watson: 1.689 Jarque-Bera (JB): 9.170 Prob(JB): 0.0102 Cond. No. 33.2
a) Calculate the F-statistic. Looking at pvalue, explain if you reject or not the null hypothesis.