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Table 11 Parsimonious model after correction of heteroscedasticity

From: Effects of industrialization on Tanzania’s economic growth: a case of manufacturing sector

Variable

Coefficients

Robust standard error

t-Statistics

Prob

Number of Observation = 46

F (7,38) = 11.81

Prob > F = 0.0000

R-squared = 79.43

Root MSE = 0.06096

Dependent Variable: DLGDPN

DLGDPN_1

0.2133563

0.0665216

3.21

0.003***

DLMANU

0.3694001

0.1039849

3.55

0.001***

DLCNST

0.0434852

0.0161013

2.70

0.010**

DLWSSE

0.0504165

0.0155633

3.26

0.002***

DLAGRC

0.3166955

0.1138787

2.78

0.008***

DLSERC

0.0476301

0.0260578

1.83

0.075*

Res_1

−0.63784

0.1903022

−3.35

0.002***

-CONS

−0.0000788

0.0232256

−0.00

0.997

  1. *, ** and, *** indicate statistical significance levels at 10, 5 and 1 percent respectively