Table 18

Two-stage least square regression coefficient matrix: Oceania region analysis

CGCPCPBOCPB
Coefficient (p-value)Coefficient (p-value)Coefficient (p-value)Coefficient (p-value)
CG–15.954*** (0.00)15.904*** (0.00)15.578*** (0.00)
CP0.063*** (0.00)–0.997*** (0.00)0.976*** (0.00)
CPBO0.063*** (0.00)1.003*** (0.00)–0.979*** (0.00)
CPB0.064*** (0.00)1.024*** (0.00)1.021*** (0.00)–

Note(s): ***statistical significance at the 1% level

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