Table 5.

Hausman test of endogeneity

StatisticsCUST_PEMP_PSUP_PSHR_P
Durbin statistics6.51351**5.61616**8.78561***3.08494*
p-value(0.0107)(0.0178)(0.0030)(0.0790)
Wu–Hausman statistics6.50975**5.61208**8.79404***3.08192*
p-value(0.0108)(0.0179)(0.0030)(0.0792)

Notes:

The results of the Durbin and Wu–Hausman statistics for endogeneity; *, ** and ***statistically significant at 0.10, 0.05 and 0.01 levels, respectively (two-sided t-tests); p-values in parentheses

Source: Authors’ own work

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