Two-stage regression of IV
| Variables | (1) First stage micro | Variables | (2) Second stage repov | (3) Second stage we |
|---|---|---|---|---|
| 1980s special poverty alleviation loan disbursement counties (Yes = 1; No = 0) | 0.0497** | micro | −0.4370* | 2.6427* |
| (2.5434) | (−1.9011) | (1.6828) | ||
| Controls | Yes | Controls | Yes | Yes |
| Year fixed effect | Yes | Year fixed effect | Yes | Yes |
| F-value | 6.47 | LM test | 6.596 | 6.251 |
| Observations | 1,222 | Observations | 1,222 | 1,222 |
| Variables | (1) First stage | Variables | (2) Second stage | (3) Second stage |
|---|---|---|---|---|
| 1980s special poverty alleviation loan disbursement counties (Yes = 1; No = 0) | 0.0497** | micro | −0.4370* | 2.6427* |
| (2.5434) | (−1.9011) | (1.6828) | ||
| Controls | Yes | Controls | Yes | Yes |
| Year fixed effect | Yes | Year fixed effect | Yes | Yes |
| F-value | 6.47 | LM test | 6.596 | 6.251 |
| Observations | 1,222 | Observations | 1,222 | 1,222 |
Source(s): Authors' own work
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