--- On Mon, 12/10/09, Francesco Trivieri wrote:
I'm using the xtabond2 command and the Hansen test of
overid. restrictions is not significant, its p-value being
always lower than 0.20 . When I cluster the observations,
yet, the p-value is 1 or very close to it. Is the Hansen not
reliable when clustering?
I don't know the answer, but I do know that small p-values
(close to 0) indicate significant results, i.e. a rejection
of the null-hypothesis. Large p-values (close to 1) indicate
non-significant results, i.e. you are not able to reject
the null-hypothesis.
(The limit .20 is very unusual, usualy .05 is chose and
sometimes .10 or .01)
-- Maarten
--------------------------
Maarten L. Buis
Institut fuer Soziologie
Universitaet Tuebingen
Wilhelmstrasse 36
72074 Tuebingen
Germany
http://www.maartenbuis.nl
--------------------------
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