Value of Chi2 (p-value) Value of F (p-value) Test of Fisher   F(7, 193) =85.44 p-value = 0.000 Test of Hausman Chi2(7)=0.74 (p-value  = 0.981)   Test of  Breush-  Pagan  Chi2(1) = 674.49 (p-value = 0.000)   Number of observations 200

Table 1: Specification tests of the individual effects, Number of sectors: 8, Period: 1988-2012.