The results of the regression

(1)

(2)

(3)

(4)

(5)

(6)

labor flow

−0.0658797***

[0.000]

−0.0658904***

[0.000]

−0.0651507***

[0.000]

−0.0651507***

[0.000]

−0.0586729***

[0.000]

−0.05415***

[0.000]

structure

0.0001294***

[0.000]

0.0047129***

[0.008]

0.0046743***

[0.008]

0.0038365**

[0.026]

0.004523***

[0.009]

industry

−0.4620749***

[0.009]

−0.4578506***

[0.010]

−0.3762279**

[0.028]

−0.4252955**

[0.013]

st

0.4507698***

[0.000]

0.4205465*

[0.077]

0.5260261**

[0.029]

Fd

0.050091***

[0.000]

0.054587***

[0.000]

welfare

−6.07e−06***

[0.000]

_cons

2.36137***

[0.000]

2.35647***

[0.000]

2.593927***

[0.000]

2.513822***

[0.000]

2.412804***

[0.000]

2.509012***

[0.000]

Under identification test

382.110

[0.000]

382.209

[0.000]

384.896

[0.000]

368.460

[0.000]

352.151

[0.000]

348.372

[0.000]

Weak identification test

296.430

[0.000]

296.255

[0.000]

295.860

[0.000]

275.365

[0.000]

261.293

[0.000]

252.433

[0.000]

Hansen J statistic

0.174

[0.6770]

0.172

[0.6785]

0.264

[0.6076]

0.265

[0.6067]

0.125

[0.7238]

0.064

[0.7997]

N

2720

2720

2720

2720

2720

2720