ABSTRACT
In order to investigate the factors influencing income payment in developing countries, this paper uses panel data model for empirical analysis. The panel data regression model can be expressed as:
Y X i N T
…
α β δ γ+ ε 1 1t, ,… ; , , (1)
In this model, Yit is the explained variable, α is the constant term, Xit is the observed values of explanatory variables. Random errors are assumed to be independent and identical distributed.
