First stage results of IV2SLS
| (1) | (2) | |
|---|---|---|
| Variables | GVC1 | GVC2 |
| TRADE_REGUL | 0.0989*** (0.0212) | 0.0710*** (0.0126) |
| TAX_ADM | 0.0354* (0.0200) | −0.00123* (0.0118) |
| AVERAGE_GVC | 4.544*** (0.645) | 15.713*** (2.3266) |
| CONTROLS | Yes | Yes |
| OBSERVATIONS | 1,078 | 1,078 |
| R-SQUARED | 0.180 | 0.122 |
| (1) | (2) | |
|---|---|---|
| Variables | GVC1 | GVC2 |
| TRADE_REGUL | 0.0989 | 0.0710 |
| TAX_ADM | 0.0354 | −0.00123 |
| AVERAGE_GVC | 4.544 | 15.713 |
| CONTROLS | Yes | Yes |
| OBSERVATIONS | 1,078 | 1,078 |
| 0.180 | 0.122 |
Standard errors in parentheses; ***p < 0.01, **p < 0.05, *p < 0.1
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