Table 3

Panel system GMM estimation output

VariablesCoefficientsStandard Errort – statP > |t|
Logged GDP0.36516910.24629171.480.142
ROA−1.28e+076391176−2.010.048
ROE1344551606424.52.220.029
NPM−200432.1130696.4−1.530.129
CAR798193.6441092.51.810.074
AQ−58645.37806866.3−0.070.942
MAN−19133.6381741.79−0.230.816
LIQ29910.1684740.730.350.725
SEN−73015.72150586.6−0.480.629
Trade−117574.881208.04−1.450.152
GFCF0.1927580.31040960.620.536
CPI−762.346372.2433−2.050.044
Constant185295.1178750.71.040.303

Note(s): Number of obs = 92 Obs per group: min = 16; Number of groups = 5 Number of instruments = 40; F (12, 79) = 145.81 avg = 18.40 Prob > F = 0.000 max = 19 Source(s): Panel system GMM output using STATA 16

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