Table A1 GMM results Variables... | Emerald Publishing

Table A1

GMM results

Variables	Coefficient	Standard deviation	z	p-Value	CI 95%
L.lncred_agri	−0.0614	0.0338	−1.81	0.070	[−0.128; 0.005]
Lnmobile	−0.2815	0.1163	−2.42	0.016	[−0.509; −0.053]
Lnmmoney	0.0246	0.0286	0.86	0.390	[−0.032; 0.081]
Lninternet	0.0075	0.0324	0.23	0.816	[−0.056; 0.071]
lnpib_hbt	0.1065	0.0494	2.15	0.031	[0.010; 0.203]
tic_regu	−0.0248	0.0092	−2.69	0.007	[−0.043; −0.007]
tic_stab	0.0250	0.0093	2.68	0.007	[0.007; 0.043]
Constant (_cons)	2.7227	0.6367	4.28	0.000	[1.475; 3.971]
Diagnostics and validity tests
Wald χ² (global)			146523.15	0.000
AR(1) Arellano-Bond			z = −4.07	0.000
AR(2) Arellano-Bond			z = 0.21	0.837
Sargan (overid.)			χ²(24) = 39.49	0.024
Hansen (overid.)			χ²(24) = 24.50	0.433
Difference-in-Hansen (GMM instruments)			χ²(7) = 9.12	0.244
Difference-in-Hansen (IV variables)			χ²(6) = 6.18	0.404

Variables	Coefficient	Standard deviation	z	p-Value	CI 95%
L.lncred_agri	−0.0614	0.0338	−1.81	0.070	[−0.128; 0.005]
Lnmobile	−0.2815	0.1163	−2.42	0.016	[−0.509; −0.053]
Lnmmoney	0.0246	0.0286	0.86	0.390	[−0.032; 0.081]
Lninternet	0.0075	0.0324	0.23	0.816	[−0.056; 0.071]
lnpib_hbt	0.1065	0.0494	2.15	0.031	[0.010; 0.203]
tic_regu	−0.0248	0.0092	−2.69	0.007	[−0.043; −0.007]
tic_stab	0.0250	0.0093	2.68	0.007	[0.007; 0.043]
Constant (_cons)	2.7227	0.6367	4.28	0.000	[1.475; 3.971]
Diagnostics and validity tests
Wald χ² (global)			146523.15	0.000
AR(1) Arellano-Bond			z = −4.07	0.000
AR(2) Arellano-Bond			z = 0.21	0.837
Sargan (overid.)			χ²(24) = 39.49	0.024
Hansen (overid.)			χ²(24) = 24.50	0.433
Difference-in-Hansen (GMM instruments)			χ²(7) = 9.12	0.244
Difference-in-Hansen (IV variables)			χ²(6) = 6.18	0.404

Source(s): Authors