Table 8 Endogeneity treatment results of... | Emerald Publishing

Table 8

Endogeneity treatment results of the impact of digitalization on agglomeration

	FE-IV
	First stage $\ln d t o t a l$	Second stage $\ln p r i$
$\ln d t o t a l$		0.6992***
$\ln d t o t a l$		(0.1579)
${\overset{̅}{d t o t a l}}_{i t} \times p h o n e_{j}$	5.5144***
${\overset{̅}{d t o t a l}}_{i t} \times p h o n e_{j}$	(0.6870)
Individual FE	Yes	Yes
Time FE	Yes	Yes
N	18,338	18,338
Kleibergen-Paap rk LM statistic	69.76
Cragg-Donald Wald F statistic	174.56

	FE-IV
	First stage $\ln d t o t a l$	Second stage $\ln p r i$
$\ln d t o t a l$		0.6992***
$\ln d t o t a l$		(0.1579)
${\overset{̅}{d t o t a l}}_{i t} \times p h o n e_{j}$	5.5144***
${\overset{̅}{d t o t a l}}_{i t} \times p h o n e_{j}$	(0.6870)
Individual FE	Yes	Yes
Time FE	Yes	Yes
N	18,338	18,338
Kleibergen-Paap rk LM statistic	69.76
Cragg-Donald Wald F statistic	174.56

Source(s): Authors’ work