Hi everyone,
I am estimated Spatial FE and RE model. I have 33 cross-sectional units and 264 observations in total. My model has 13 explanatory variables, 7 of which are time-dummies I know it is not recommendable to have so many variable, considering my degrees of freedom..Nevertheless, I estimate this model.
my question relates to Hausman test having p-value very close to one (value-0.999). Is this a valid results of the test? Looks doubtful to me.
Thank you for any clarification.
I am estimated Spatial FE and RE model. I have 33 cross-sectional units and 264 observations in total. My model has 13 explanatory variables, 7 of which are time-dummies I know it is not recommendable to have so many variable, considering my degrees of freedom..Nevertheless, I estimate this model.
my question relates to Hausman test having p-value very close to one (value-0.999). Is this a valid results of the test? Looks doubtful to me.
Thank you for any clarification.
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