GMM regression coefficient matrix
| (1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
| Interest in DeFi | Interest in EmFi | Interest in OpFi | Interest in OcFi | Interest in SuFi | |
| Coefficient (t-statistic) | Coefficient (t-statistic) | Coefficient (t-statistic) | Coefficient (t-statistic) | Coefficient (t-statistic) | |
| Interest in DeFi | 0.928*** (2.67) | 13.487** (2.16) | 1.104 (1.43) | 1.161 (1.59) | |
| Interest in EmFi | 0.840** (2.20) | 18.339*** (6.67) | 1.094*** (4.80) | 1.021*** (4.79) | |
| Interest in OpFi | 0.018* (1.92) | 0.067*** (5.04) | 0.059*** (5.20) | 0.061*** (4.98) | |
| Interest in OcFi | 0.368 (1.28) | 0.655*** (5.31) | 9.927*** (5.27) | 0.804*** (4.15) | |
| Interest in SuFi | 0.415 (1.33) | 0.668*** (4.79) | 10.908*** (5.11) | 0.825*** (3.62) |
| (1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
| Interest in DeFi | Interest in EmFi | Interest in OpFi | Interest in OcFi | Interest in SuFi | |
| Coefficient ( | Coefficient ( | Coefficient ( | Coefficient ( | Coefficient ( | |
| Interest in DeFi | 0.928*** (2.67) | 13.487** (2.16) | 1.104 (1.43) | 1.161 (1.59) | |
| Interest in EmFi | 0.840** (2.20) | 18.339*** (6.67) | 1.094*** (4.80) | 1.021*** (4.79) | |
| Interest in OpFi | 0.018* (1.92) | 0.067*** (5.04) | 0.059*** (5.20) | 0.061*** (4.98) | |
| Interest in OcFi | 0.368 (1.28) | 0.655*** (5.31) | 9.927*** (5.27) | 0.804*** (4.15) | |
| Interest in SuFi | 0.415 (1.33) | 0.668*** (4.79) | 10.908*** (5.11) | 0.825*** (3.62) |
Note(s): The GMM instruments are the one-year lag of the dependent variable in each regression model
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