Applications of Robust Regression Techniques: An Econometric Approach

Table 3

Regression estimates (analysis of economic growth of India).

Var.	LS				Robust
	Coeff.	S.E	t-val.	val.	Coeff.	S.E	t-val.	val.
Const.	3.1756	0.0830	38.2339	0.0000	3.0939	0.0937	33.025	0.0000
Log (FDIt)	0.0086	0.0117	0.7347	0.4672	0.0055	0.0059	−0.9380	0.3548
Log (PGt)	−2.0359	0.0576	−35.3675	0.0000	2.0528	0.0664	−30.895	0.0000
Log (GSt)	0.1455	0.0542	2.6856	0.0108	0.2017	0.0572	3.5250	0.0012
	R^2: 0.9944		Adj. R^2: 0.9939		R^2: 0.9958		Adj. R^2: 0.9954
	F-statistic: 2192				F-statistic: 2735
	Residual standard error: 0.0158				Residual standard error: 0.01367

Note. represents the level of significance at the 1% level.