Table 4 Alternative measure of... | Emerald Publishing

Table 4

Alternative measure of structural change

	LogECi
	Log AVA		LogAgr_Emp		LogAgr_prod
	(1)	(2)	(3)	(4)	(5)	(6)
LlogECi	0.262***	0.205***	0.12**	0.15***	0.168**	0.149***
LlogECi	(0.06)	(0.054)	(0.049)	(0.045)	(0.066)	(0.05)
LogAVA	−0.23***	−0.205**
LogAVA	(0.074)	(0.085)
LogAgr_Emp			−0.247***	−0.117**
LogAgr_Emp			(0.087)	(0.056)
LogAgr_prod					0.257*	0.162**
LogAgr_prod					(0.134)	(0.07)
_cons	0.665***	−2.864***	0.982***	−2.029***	−1.799*	−4.502***
_cons	(0.229)	(0.845)	(0.312)	(0.674)	(0.981)	(0.785)
Control variables	No	Yes	No	Yes	No	Yes
Observations	498	465	498	465	473	440
Countries	28	28	28	28	28	28
Instruments	14	17	14	18	14	18
AR(1)	0.003	0.004	0.008	0.004	0.004	0.007
AR(2)	0.330	0.257	0.107	0.149	0.148	0.112
Hansen	0.327	0.280	0.101	0.515	0.777	0.443

	LogECi
	Log AVA		LogAgr_Emp		LogAgr_prod
	(1)	(2)	(3)	(4)	(5)	(6)
LlogECi	0.262***	0.205***	0.12**	0.15***	0.168**	0.149***
LlogECi	(0.06)	(0.054)	(0.049)	(0.045)	(0.066)	(0.05)
LogAVA	−0.23***	−0.205**
LogAVA	(0.074)	(0.085)
LogAgr_Emp			−0.247***	−0.117**
LogAgr_Emp			(0.087)	(0.056)
LogAgr_prod					0.257*	0.162**
LogAgr_prod					(0.134)	(0.07)
_cons	0.665***	−2.864***	0.982***	−2.029***	−1.799*	−4.502***
_cons	(0.229)	(0.845)	(0.312)	(0.674)	(0.981)	(0.785)
Control variables	No	Yes	No	Yes	No	Yes
Observations	498	465	498	465	473	440
Countries	28	28	28	28	28	28
Instruments	14	17	14	18	14	18
AR(1)	0.003	0.004	0.008	0.004	0.004	0.007
AR(2)	0.330	0.257	0.107	0.149	0.148	0.112
Hansen	0.327	0.280	0.101	0.515	0.777	0.443

Note(s): Standard errors are in parentheses, ***p < 0.01, **p < 0.05, *p < 0.1

Source(s): Authors’ own work