Table 8. GMM model results Variables OE... | Emerald Publishing

Table 8.

GMM model results

Variables	OE	CC	TC
Variables	Coefficient	Coefficient	Coefficient
L.dependent	0.45***	0.38**	0.51**
GW	0.12**	0.10***	0.14*
PRE	−0.04*	−0.03*	−0.05*
QV2M	0.09**	0.08***	0.11*
RH2M	0.01	0.02	0
T2MWET	0.06*	0.05**	0.07*
WS2M	0.05**	0.04***	0.06*
Lev	0.07**	0.06***	0.08*
Size	−0.03*	−0.02**	−0.04*
G	−0.02*	−0.01*	−0.03*
Prob > chi2	0.000	0.000	0.000
AR(1) p-value	0.000	0.000	0.000
AR(2) p-value	0.212	0.233	0.221
Hansen p-value	0.155	0.168	0.154
Sargan p-value	0.192	0.205	0.187
Number of instruments	24	26	25

Variables	OE	CC	TC
Variables	Coefficient	Coefficient	Coefficient
L.dependent	0.45***	0.38**	0.51**
GW	0.12**	0.10***	0.14*
PRE	−0.04*	−0.03*	−0.05*
QV2M	0.09**	0.08***	0.11*
RH2M	0.01	0.02	0
T2MWET	0.06*	0.05**	0.07*
WS2M	0.05**	0.04***	0.06*
Lev	0.07**	0.06***	0.08*
Size	−0.03*	−0.02**	−0.04*
G	−0.02*	−0.01*	−0.03*
Prob > chi2	0.000	0.000	0.000
AR(1) p-value	0.000	0.000	0.000
AR(2) p-value	0.212	0.233	0.221
Hansen p-value	0.155	0.168	0.154
Sargan p-value	0.192	0.205	0.187
Number of instruments	24	26	25

Note(s):

*p < 0.10; **p < 0.05; ***p < 0.01