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As located in the following outcomes, matching the theoretical predictions of this paper offers rise to a further sense to think that such a modeling setting is correct. The study does not give the technical information of the three techniques for the reason that these estimators are typically recognized and applied in social science investigation. The study uses Stata (version 14) statistical software package to estimate all OLS, GLS, and MLE regressions. EViews (version 8) is applied as a supplementary computer software package, especially for confirming specific diagnostic-test benefits obtained by Stata.

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