The regression result with all the samples
| Model (1) | Model (2) | Model (3) | |
|---|---|---|---|
| l. lncint | 0.825*** (0.0001) | 0.716*** (0.0010) | 0.676*** (0.0039) |
| lnfdi | −0.008*** (0.0001) | −0.014*** (0.0004) | |
| lnfoss | 0.138*** (0.0076) | ||
| lnind | 0.017*** (0.0045) | ||
| lnurb | −0.331*** (0.0094) | ||
| lntragdp | −0.052*** (0.0014) | ||
| Constant | −0.265*** | −0.414*** | 0.485*** |
| −0.0002 | −0.0022 | −0.0241 | |
| Number of observations | 4,112 | 3,352 | 2,098 |
| Number of instruments | 188 | 173 | 116 |
| Sargan p-value | 1.0000 | 1.0000 | 1.0000 |
| AR(1) p-value | 0.0000 | 0.0000 | 0.0000 |
| AR(2) p-value | 0.4413 | 0.9893 | 0.4482 |
| Model (1) | Model (2) | Model (3) | |
|---|---|---|---|
| l. lncint | 0.825 | 0.716 | 0.676 |
| lnfdi | −0.008 | −0.014 | |
| lnfoss | 0.138 | ||
| lnind | 0.017 | ||
| lnurb | −0.331 | ||
| lntragdp | −0.052 | ||
| Constant | −0.265 | −0.414 | 0.485 |
| −0.0002 | −0.0022 | −0.0241 | |
| Number of observations | 4,112 | 3,352 | 2,098 |
| Number of instruments | 188 | 173 | 116 |
| Sargan | 1.0000 | 1.0000 | 1.0000 |
| AR(1) | 0.0000 | 0.0000 | 0.0000 |
| AR(2) | 0.4413 | 0.9893 | 0.4482 |
Notes:
Standard errors are in parentheses;
***indicate that the coefficient is significant at the 1% level, respectively
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