| Variable | Coefficient | std. Error | t-Statistic | Prob. |
| C | 0.518485 | 0.033851 | 15.31687 | 0.0000 |
| LOG (INCOME) | 0.908269 | 0.003657 | 248.3932 | 0.0000 |
| Fixed Effects (Cross) | ||||
| _HUN-C | 0.039327 |
| ||
| _HEN-C | −0.015821 | |||
| _HB-C | 0.046673 | |||
| _SX-C | −0.040573 | |||
| _JS-C | −0.042951 | |||
| _AH-C | 0.013345 | |||