Annexes
Annexe 1 : Résultats de
l'estimation
|
Dependent Variable: RE?
|
|
Method: GLS (Cross Section Weights)
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Date: 06/03/08 Time: 12:20
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Sample: 1996 2002
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Included observations: 7
|
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Number of cross-sections used: 15
|
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Total panel (balanced) observations: 105
|
|
One-step weighting matrix
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Variable
|
Coefficient
|
Std. Error
|
t-Statistic
|
Prob.
|
|
|
|
|
|
|
|
|
|
|
T?
|
2.11831544232
|
5.35067542065
|
0.395896830921
|
0.693161614516
|
|
|
|
COT?
|
-8.55653676297
|
22.2399596606
|
-0.384737063086
|
0.701382034069
|
|
|
|
TC?
|
-0.378015885634
|
6.34524133014
|
-0.0595747058254
|
0.952632583848
|
|
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N?
|
9.5565271689e-08
|
1.33458439288e-07
|
0.716067655208
|
0.475889479863
|
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Fixed Effects
|
|
|
|
|
|
|
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E1--C
|
27.9939959957
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E2--C
|
14.694616664
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|
|
|
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E3--C
|
8.91824690374
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|
|
|
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|
E4--C
|
40.1205100465
|
|
|
|
|
|
|
E5--C
|
111.284540697
|
|
|
|
|
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|
E6--C
|
36.8367081836
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|
|
|
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|
E7--C
|
0.571168530683
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|
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E8--C
|
61.7892081924
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E9--C
|
62.5124288375
|
|
|
|
|
|
|
E10--C
|
102.629758677
|
|
|
|
|
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|
E11--C
|
152.09323048
|
|
|
|
|
|
|
E12--C
|
78.6068280282
|
|
|
|
|
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|
E13--C
|
21.9923598219
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|
|
|
|
|
|
E14--C
|
66.9243470567
|
|
|
|
|
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|
E15--C
|
148.753106373
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Weighted Statistics
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R-squared
|
0.594029177
|
Mean dependent var
|
107.14917511
|
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|
Adjusted R-squared
|
0.509058539628
|
S.D. dependent var
|
89.6702083496
|
|
|
|
S.E. of regression
|
62.8294175848
|
Sum squared resid
|
339488.071408
|
|
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|
F-statistic
|
41.945961243
|
Durbin-Watson stat
|
1.92764669556
|
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Prob(F-statistic)
|
0
|
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|
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Unweighted Statistics
|
|
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R-squared
|
0.323586828904
|
Mean dependent var
|
70.6476190476
|
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|
Adjusted R-squared
|
0.18201197914
|
S.D. dependent var
|
77.219714122
|
|
|
|
S.E. of regression
|
69.8395868081
|
Sum squared resid
|
419470.838155
|
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|
|
Durbin-Watson stat
|
1.67161367785
|
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Annexes 2 : Base de
données
|
Années
|
RE
|
T
|
COT
|
TC
|
N
|
|
ALKIMIA
|
1996
|
0,21
|
1
|
0
|
0
|
25029982
|
|
ALKIMIA
|
1997
|
0,22
|
2
|
0
|
0
|
29863571
|
|
ALKIMIA
|
1998
|
0,23
|
3
|
0
|
0
|
36944725
|
|
ALKIMIA
|
1999
|
0,22
|
4
|
1
|
4
|
44996485
|
|
ALKIMIA
|
2000
|
0,17
|
5
|
1
|
5
|
48642862
|
|
ALKIMIA
|
2001
|
0,079
|
6
|
1
|
6
|
48729521
|
|
ALKIMIA
|
2002
|
0,056
|
7
|
1
|
7
|
51165267
|
|
MONOPRIX
|
1996
|
0,14
|
1
|
0
|
0
|
28383487
|
|
MONOPRIX
|
1997
|
0,17
|
2
|
0
|
0
|
29854058
|
|
MONOPRIX
|
1998
|
0,37
|
3
|
0
|
0
|
40002758
|
|
MONOPRIX
|
1999
|
0,5
|
4
|
1
|
4
|
42521242
|
|
MONOPRIX
|
2000
|
0,55
|
5
|
1
|
5
|
43214799
|
|
MONOPRIX
|
2001
|
0,7
|
6
|
1
|
6
|
45884830
|
|
MONOPRIX
|
2002
|
0,11
|
7
|
1
|
7
|
46048129
|
|
TUNISAIR
|
1996
|
0,15
|
1
|
0
|
0
|
329219000
|
|
TUNISAIR
|
1997
|
0,145
|
2
|
0
|
0
|
362347000
|
|
TUNISAIR
|
1998
|
0,16
|
3
|
0
|
0
|
385401000
|
|
TUNISAIR
|
1999
|
0,11
|
4
|
1
|
4
|
383400000
|
|
TUNISAIR
|
2000
|
0,118
|
5
|
1
|
5
|
381484302
|
|
TUNISAIR
|
2001
|
0,026
|
6
|
1
|
6
|
536129849
|
|
TUNISAIR
|
2002
|
0,031
|
7
|
1
|
7
|
581273093
|
|
BTEI
|
1996
|
0,0215
|
1
|
0
|
0
|
10690325
|
|
BTEI
|
1997
|
0,012
|
2
|
0
|
0
|
9989384
|
|
BTEI
|
1998
|
0,023
|
3
|
0
|
0
|
13037261
|
|
BTEI
|
1999
|
0,014
|
4
|
1
|
4
|
11701000
|
|
BTEI
|
2000
|
0,024
|
5
|
1
|
5
|
5604000
|
|
BTEI
|
2001
|
0,02
|
6
|
1
|
6
|
11918166
|
|
BTEI
|
2002
|
0,015
|
7
|
1
|
7
|
14348336
|
|
SIAME
|
1996
|
0,122
|
1
|
0
|
0
|
11641946
|
|
SIAME
|
1997
|
0,084
|
2
|
0
|
0
|
10399613
|
|
SIAME
|
1998
|
0,093
|
3
|
0
|
0
|
12079551
|
|
SIAME
|
1999
|
0,137
|
4
|
1
|
4
|
14829895
|
|
SIAME
|
2000
|
0,124
|
5
|
1
|
5
|
18631268
|
|
SIAME
|
2001
|
0,124
|
6
|
1
|
6
|
19718897
|
|
SIAME
|
2002
|
0,122
|
7
|
1
|
7
|
19828534
|
|
SIMPAR
|
1996
|
0,029
|
1
|
0
|
0
|
4263571
|
|
SIMPAR
|
1997
|
0,004
|
2
|
0
|
0
|
2855833
|
|
SIMPAR
|
1998
|
0,022
|
3
|
0
|
0
|
4063222
|
|
SIMPAR
|
1999
|
0,056
|
4
|
1
|
4
|
5416646
|
|
SIMPAR
|
2000
|
0,048
|
5
|
1
|
5
|
6298318
|
|
SIMPAR
|
2001
|
0,056
|
6
|
1
|
6
|
6590591
|
|
SIMPAR
|
2002
|
0,063
|
7
|
1
|
7
|
5804000
|
|
UIB
|
1996
|
0,008
|
1
|
0
|
0
|
51847000
|
|
UIB
|
1997
|
0,012
|
2
|
0
|
0
|
51856000
|
|
UIB
|
1998
|
0,018
|
3
|
0
|
0
|
59212000
|
|
UIB
|
1999
|
0,017
|
4
|
1
|
4
|
89000000
|
|
UIB
|
2000
|
0,008
|
5
|
1
|
5
|
90570000
|
|
UIB
|
2001
|
0,006
|
6
|
1
|
6
|
94421932
|
|
UIB
|
2002
|
0,003
|
7
|
1
|
7
|
99182000
|
|
TUNISIE LAIT
|
1996
|
0,089
|
1
|
0
|
0
|
157080500
|
|
TUNISIE LAIT
|
1997
|
0,067
|
2
|
0
|
0
|
21909394
|
|
TUNISIE LAIT
|
1998
|
0,0128
|
3
|
0
|
0
|
29022431
|
|
TUNISIE LAIT
|
1999
|
0,1
|
4
|
1
|
4
|
33417162
|
|
TUNISIE LAIT
|
2000
|
0,091
|
5
|
1
|
5
|
39677185
|
|
TUNISIE LAIT
|
2001
|
0,055
|
6
|
1
|
6
|
40455676
|
|
TUNISIE LAIT
|
2002
|
0,054
|
7
|
1
|
7
|
52058803
|
|
SOTUVER
|
1996
|
0,093
|
1
|
0
|
0
|
10666267
|
|
SOTUVER
|
1997
|
0,092
|
2
|
0
|
0
|
11436434
|
|
SOTUVER
|
1998
|
0,052
|
3
|
0
|
0
|
12167406
|
|
SOTUVER
|
1999
|
0,03
|
4
|
1
|
4
|
10518156
|
|
SOTUVER
|
2000
|
0,104
|
5
|
1
|
5
|
12354864
|
|
SOTUVER
|
2001
|
0,102
|
6
|
1
|
6
|
126354495
|
|
SOTUVER
|
2002
|
0,027
|
7
|
1
|
7
|
11580171
|
|
SOTETEL
|
1996
|
0,047
|
1
|
0
|
0
|
16553703
|
|
SOTETEL
|
1997
|
0,033
|
2
|
0
|
0
|
19640173
|
|
SOTETEL
|
1998
|
0,019
|
3
|
0
|
0
|
24246524
|
|
SOTETEL
|
1999
|
0,189
|
4
|
1
|
4
|
27048313
|
|
SOTETEL
|
2000
|
0,165
|
5
|
1
|
5
|
29153062
|
|
SOTETEL
|
2001
|
0,161
|
6
|
1
|
6
|
31307510
|
|
SOTETEL
|
2002
|
0,139
|
7
|
1
|
7
|
38534289
|
|
TUNISIE LEASING
|
1996
|
0,421
|
1
|
0
|
0
|
8980763
|
|
TUNISIE LEASING
|
1997
|
0,41
|
2
|
0
|
0
|
12191705
|
|
TUNISIE LEASING
|
1998
|
0,4
|
3
|
0
|
0
|
16949403
|
|
TUNISIE LEASING
|
1999
|
0,43
|
4
|
1
|
4
|
22473425
|
|
TUNISIE LEASING
|
2000
|
0,43
|
5
|
1
|
5
|
29681487
|
|
TUNISIE LEASING
|
2001
|
0,49
|
6
|
1
|
6
|
34569806
|
|
TUNISIE LEASING
|
2002
|
0,496
|
7
|
1
|
7
|
38152485
|
|
EL MAZRAA
|
1996
|
0,11
|
1
|
0
|
0
|
35525200
|
|
EL MAZRAA
|
1997
|
0,103
|
2
|
0
|
0
|
39581153
|
|
EL MAZRAA
|
1998
|
0,126
|
3
|
0
|
0
|
45178790
|
|
EL MAZRAA
|
1999
|
0,103
|
4
|
1
|
4
|
52575301
|
|
EL MAZRAA
|
2000
|
0,103
|
5
|
1
|
5
|
54819508
|
|
EL MAZRAA
|
2001
|
0,095
|
6
|
1
|
6
|
41914755
|
|
EL MAZRAA
|
2002
|
0,056
|
7
|
1
|
7
|
44137127
|
|
MAGASIN GENERALE
|
1996
|
0,028
|
1
|
0
|
0
|
79379868
|
|
MAGASIN GENERALE
|
1997
|
0,056
|
2
|
0
|
0
|
82156403
|
|
MAGASIN GENERALE
|
1998
|
0,057
|
3
|
0
|
0
|
81451248
|
|
MAGASIN GENERALE
|
1999
|
0,021
|
4
|
1
|
4
|
82104092
|
|
MAGASIN GENERALE
|
2000
|
0,015
|
5
|
1
|
5
|
92006433
|
|
MAGASIN GENERALE
|
2001
|
0,016
|
6
|
1
|
6
|
10061141
|
|
MAGASIN GENERALE
|
2002
|
0,029
|
7
|
1
|
7
|
109470330
|
|
SFBT
|
1996
|
0,096
|
1
|
0
|
0
|
36152024
|
|
SFBT
|
1997
|
0,0116
|
2
|
0
|
0
|
40037604
|
|
SFBT
|
1998
|
0,117
|
3
|
0
|
0
|
46113037
|
|
SFBT
|
1999
|
0,03
|
4
|
1
|
4
|
49542000
|
|
SFBT
|
2000
|
0,035
|
5
|
1
|
5
|
55681183
|
|
SFBT
|
2001
|
0,071
|
6
|
1
|
6
|
65954565
|
|
SFBT
|
2002
|
0,082
|
7
|
1
|
7
|
70242037
|
|
SOTRAPIL
|
1996
|
0,196
|
1
|
0
|
0
|
5352830
|
|
SOTRAPIL
|
1997
|
0,197
|
2
|
0
|
0
|
6367728
|
|
SOTRAPIL
|
1998
|
0,198
|
3
|
0
|
0
|
6273902
|
|
SOTRAPIL
|
1999
|
0,157
|
4
|
1
|
4
|
5614030
|
|
SOTRAPIL
|
2000
|
0,158
|
5
|
1
|
5
|
6189008
|
|
SOTRAPIL
|
2001
|
0,13
|
6
|
1
|
6
|
5846694
|
|
SOTRAPIL
|
2002
|
0,143
|
7
|
1
|
7
|
5771685
|
|
|
